Khalil Al Fardan Exchange (KAF Exchange) is committed to maintaining the highest standards of Anti-Money Laundering (AML) compliance. Here’s how we ensure a secure and transparent financial environment:
We have implemented sophisticated systems designed to combat money laundering activities and identify suspicious transactions. Regular updates to our database keep us aligned with regulations issued by the Central Bank of the UAE.
Our circulars and policies are thoroughly discussed with staff members, ensuring full understanding and compliance. We believe that well-informed employees are essential for effective AML practices.
An advanced automatic system monitors all transactions for potential money laundering activities. Our objective is to vet every transaction, ensuring adherence to UAE’s AML regulations.
Through internal regulations, we design and implement policies that safeguard against reputational damage. Our commitment to compliance ensures that Khalil Al Fardan Exchange remains the preferred choice for safe and secure financial transactions.
As we strive to be the No. 1 choice for our clients, we provide a safe, secure, and efficient method for remitting and exchanging funds.
Fuad Khalil Ibrahim Hassan Al Fardan, the Chairman of Khalil Al Fardan Exchange, hails from the renowned Al Fardan Family in the United Arab Emirates. He holds a degree in International Business from Southwestern University in Texas. With over 35 years of banking experience, his most recent role was as Senior Manager at Abu Dhabi Commercial Bank in Dubai, one of the largest U.A.E.-based banks. His journey exemplifies hard work, education, and the right attitude, making him a role model for aspiring Emirati entrepreneurs.
Sujeesh N Sukumaran is the current General Manager of Khalil Al Fardan Exchange, bringing an impressive 14 years of extensive experience in the financial industry, particularly in money exchange and remittance. His expertise spans Anti-Money Laundering (AML) systems, banking operations, risk management, and internal audits, demonstrating a deep understanding of financial processes.
As an Associate member of the Anti-Money Laundering Specialist (ACAMS), Sujeesh contributes to designing AML programs, training, and enterprise-wide risk assessments. His background in retail operations and correspondent banking further adds to his diverse skill set.
SSujeesh holds several qualifications, including CA – PE II/Inter from the Institute of Chartered Accountants of India, an MBA in Retail Operations from Sikkim Manipal University in India, ACAMS – Associate in Anti-Money Laundering Specialist from the USA, and a Bachelor of Commerce from Calicut University in Kerala, India.
Sujeesh’s expertise and leadership continue to drive excellence and innovation in financial services at Khalil Al Fardan Exchange.
Mohideen Mahammud’s extensive 35-year career in the banking sector is remarkable! Having worked across various divisions of prominent banks such as Union National Bank, Abu Dhabi Commercial Bank, and Emirates NBD, he brings a wealth of experience to the table. His role as Head of Compliance since August 2016 underscores his expertise in regulatory matters and risk management.
Abdulla Kovath’s background in both commerce (holding a BCom degree) and electronics and telecommunication (with a diploma) is intriguing! His impressive 15 years tenure in the exchange company field showcases his expertise. As the Operations Manager since January 2015, he likely oversees critical aspects of the company’s operations.