Khanani & Kalia International

Uncommon card · No. 147979

Khanani & Kalia International (Private) Limited (abbreviated KKI) was a Pakistani foreign exchange company that operated from 1992 to 2008, when it was closed down by the government of Pakistan for being involved in money laundering. Blocked by U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), it was found to have also involved in the illicit international movement of money between, among others, Pakistan, the United Arab Emirates, United States, United Kingdom, Canada, and Australia. KKI was founded by the Khanani brothers, Altaf Khanani and Javed Khanani, along with the Kalia brothers, Hanif S. Kalia and Abdul Kalia. Its corporate head office was in Karachi, Sindh, Pakistan. It had its international marketing and commercial services office in Mississauga, Ontario, Canada. It had a network of branches all over Pakistan, as well as a number of branches overseas. Over the course of its operations more than US$40 billion had passed through the company.

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