Job title: Anti-Money Laundering/ Combatting the Financing of Terrorism (AML/CFT) Solution
Company:
Job description: About Karandaaz:
KARANDAAZ PAKISTAN, a not-for-profit company established in 2014 and registered with the Securities and Exchange Commission of Pakistan under section 42, is promoting access to finance for small businesses through commercially directed investments and financial inclusion of individuals by
leveraging technology-enabled solutions and platforms. Karandaaz Pakistan operates through four
program verticals:
investments in micro, small and mid-size enterprises (MSMEs) with compelling prospects for
sustainable growth and employment generation in Pakistan
working across the ecosystem with all stakeholders including regulators, policy-makers,
government departments, businesses and researchers and academics in four key work areas:
policy and regulation, seeding innovation, experimentation and solutions development, and
scale and outreach.
practicable solutions aimed at financial inclusion and entrepreneurship. The Women Ventures
business line provides business development support and growth capital to women-led
businesses to facilitate their expansion and scale-up.
disseminating evidence-based insights and solutions to inform and influence markets and the
financial ecosystem.
Project Background and Rationale:
Karandaaz Pakistan requires an efficient and cost-effective AML/CFT screening solution to comply with its donor-mandated and regulatory obligations under its approved AML/CFT Policy. The solution must deliver accurate, real-time screening of sanctions, PEPs, and adverse media while minimizing false positives and operational costs.Project Scope of Work
The AML/CFT solution must perform screening across all Karandaaz Pakistan’s operational areas, including loans, investments, grants, supplier/vendor payments and staff hirings. It is applied to individuals and entities both. The solution must screen against following Karandaaz Pakistan’s blacklist:i. HM Treasury’s Office of Financial Sanctions Implementation – Financial sanctions: consolidated
list of targets
ii. UK Home Office – Proscribed terrorist groups or organisations
iii. European Union – Consolidated list of sanctions
iv. United Nations – United Nations Security Council Sanctions List
v. World Bank – World Bank Listing of Ineligible Firms & Individuals
vi. Parties on US Treasury’s Office of Foreign Assets Control (OFAC) List of Specially Designated Nationals and Blocked Personsvii. Parties operating in countries against which US maintains embargo
viii. French DG Trésor Freeze Register Sanctions List
ix. List of Proscribed organizations/persons updated by National Counter Terrorism Authority (NACTA)The AML/CFT screening solution must generate detailed screening reports in PDF format, capturing all critical compliance information. These reports shall include the screened party’s name, type
(individual/entity), and identification number; the screening timestamp and latest data update
timestamp; ID and name match results against all designated sanctions lists; and a dedicated section
for compliance officer remarks with their determination (clear/match/false positive).
The AML/CFT screening solution must support four (4) authorized users with simultaneous 24/7 access
through secure, role-based logins (compliance officer, analyst, administrator, and auditor), while
maintaining 99.5% uptime. The system shall process 2,000+ screening reports annually. Vendors must
demonstrate this capacity during UAT and implement automated alerts when reaching 80% of annual
screening volume. All access and screening activities will be logged for audit purposes.
Required Expertise and Competencies.
The ideal vendor will bring the following key elements:
similar regulatory environments) with client references
remarks)
The Bidder:
Karandaaz intends to solicit proposals from consultancy firms and/or consortiums. The bidder may be
nationally or internationally based; however, international bidders must have a local presence in the
form of a partner or be registered in Pakistan, have a valid National Tax Number (NTN), and can travel
and work across Pakistan.
India or Israel will not be engaged for the project team or project steering team.
maintains a comprehensive embargo are not eligible to participate in the RFP.
under Pakistani Laws.
the terms and condition described herein.
jurisdiction of its incorporation/registration and according to the laws of Pakistan, to
commit the bidder to the terms and conditions of the RFP, who shall have full authority
to sign the proposal documents on behalf of all the bidders/members of the joint venture.
Karandaaz Pakistan as referenced above.
Pakistan for the execution of the Project in accordance with the terms of the RFP
document and a statement to this effect shall be included in the joint venture agreement,
which should be submitted with the Proposal.
satisfaction. Any lack of information shall not in any way relive the bidder of its
responsibility to fulfil their obligations under the RFP.Apply By:Both technical and financial proposals must be submitted in a hard copy and electronically
through email with subject: “Anti-Money Laundering/ Combatting the Financing of Terrorism
(AML/CFT) Solution” on or before 27th June 2025. Bidders must prepare one hard copy of thetechnical proposal and one hard copy of the financial proposal, and submit them in separate
sealed envelopes to the attention of ‘The Procurement Department’ 1-E, Ali Plaza, D Chowk,
Mezzanine Floor, Nazimuddin Road, Blue Area, Islamabad, Pakistan. Bidders MUST also submit
electronic copies of technical & financial proposals through email at
. Bidders must also submit password protected electronic
copies of financial proposal. Password for financial proposal will be requested by Karandaaz
procurement department at the time of financial opening (if needed).Please fill the following infomation to view the application submission information.EmailPhoneSaveHow to apply?
Expected salary:
Location: Islamabad
Job date: Wed, 18 Jun 2025 05:28:29 GMT
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