Pakistan AML Act 2010 and SECP KYC compliance for Ghar Se Platform
GHAR SE APP (PRIVATE) LIMITED is registered with SECP (CUIN# 0340438) and complies with: Anti-Money Laundering Act 2010 (Pakistan), SECP AML/CFT Regulations 2020, Financial Monitoring Unit (FMU) reporting obligations, and FBR Income Tax rules for documented transactions.
All Partners must submit: CNIC (front and back), recent selfie for biometric verification, bank account details, and business documentation if applicable. Drivers must also submit: valid driving license, vehicle registration, and vehicle photos. KYC is reviewed by admin within 48 hours. CNIC data is stored encrypted.
Ghar Se monitors transactions for suspicious patterns: unusually large orders, rapid repeated COD orders from same device, mismatched delivery locations, and known fraud patterns. Suspicious activity is reported to FMU as required by AML Act 2010 Section 7.
Customer Due Diligence (CDD): Standard KYC for all Partners. Enhanced Due Diligence (EDD): applies for high-value Partners (monthly transactions > PKR 1,000,000), politically exposed persons (PEPs), and Partners in high-risk categories (precious metals, money services). EDD requires additional documents.
Users are verified via: phone OTP (mandatory), email OTP (mandatory for partners), and optional CNIC for high-value or suspicious accounts. Users may browse and add to cart without KYC. Order placement requires verified phone.
KYC records retained: 5 years after account closure per SECP requirements. Transaction records retained: minimum 6 years per FBR/SECP rules. Suspicious Transaction Reports (STRs) filed within 7 days of detection. Currency Transaction Reports (CTRs) for cash/physical COD > PKR 1,000,000 per month filed quarterly.