Pakistan Reinsurance Company Limited (Ministry of Commerce) in Karachi invites bids for Screening Services for Know Your Customer (AML/CFT) under IT Software & Licenses category. This tender focuses on a web-based AML/CFT screening solution to support regulatory compliance and risk management. The scope includes a user-friendly web portal for real-time screening of Politically Exposed Persons (PEPs), global sanctions, and adverse media. The system must cover mandatory lists such as PEP, NACTA, UNSC, and preferably FIA, NAB, OFAC, EU, and others. Features include bulk search for ongoing due diligence, audit trails, user comments, risk scoring, and API integration for seamless internal system connectivity. The service is cloud-based (SaaS) to reduce deployment costs and ensure data security with local or compliant hosting. Bidders must comply with PEC and FBR requirements for FY 2025-26, including valid registrations and certifications such as ISO 27001. The tender requires submission of a Bid Security in the form of a Pay Order and adherence to Public Procurement Rules 2025. The contract includes a 10% performance guarantee and liquidated damages for non-compliance or data breaches. Submission deadline is on Wednesday, 25 March 2026 at 11:00 AM, with bid opening at 11:30 AM via the EPADS v2.0 online portal. Physical submission of bid security is required at PRC Towers, 32-A, Lalazar Drive, M.T. Khan Road, Karachi. Bidders should ensure compliance with all documentation and technical criteria to avoid disqualification. Pro-Tip: Carefully review the bid security submission process and ensure timely delivery of the original Pay Order to avoid disqualification. Also, verify all technical specifications and compliance documents to meet the 90% technical passing threshold.