SECP conducts a series of AML/CFT awareness sessions

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with United Nations Office on Drugs and Crime (UNODC), conducted a series of online capacity building workshops for the financial and corporate sector. The sessions covered the subjects of risk-based approach to ML/TF, terrorism financing/ targeted financial sanctions and… Continue reading

SECP AML/CFT Compliance Forum sensitized industry on AML/CFT Obligations

ISLAMABAD: The Commissioner, Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari chaired the AML/CFT Compliance Forum organized to deliberate on progress on FATF Action Plan, deficiencies identified in Pakistan FATF/APG mutual evaluation, supervisory findings and issues in implementation of AML/CFT regulations. held in Karachi with the Chief Executive Officers… Continue reading

QSE organizes training program on AML/CFT

DOHA: Qatar Stock Exchange (QSE) organized a training program on Combating Money Laundering and the Financing of Terrorism (AML/CFT). The multiple workshops were aimed at reviewing the key concepts related to AML/CFT along with introducing QSE’s roles and responsibilities in this regard. Rashid Al Mansoori, CEO of Qatar Stock Exchange,… Continue reading

Governor SBP inaugurates conference on AML/CFT and trade-based money laundering

KARACHI: While inaugurating the conference on Anti-Money Laundering (AML)/ Combating Financing of Terrorism (CFT) and Trade-Based Money Laundering (TBML), Dr. Reza Baqir, Governor State Bank stated that significant progress has been made between May and September 2019 to meet the action plan items set by Financial Action Task Force (FATF)… Continue reading

SECP’s risk based approach improve STR reporting of AML/CFT

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP)’s risk based approach for effective implementation of AML/CFT regulatory framework ensued significant improvement in filing of Suspicious Transactions Reports (STR) with FMU. To align itself with FATF’s standards (40 recommendations), SECP developed a single set of regulations namely SECP AML/CFT Regulations… Continue reading

SBP instructs banks to accept PoR card as acceptable identity document

KARACHI: State Bank of Pakistan has issued a circular advising banks/DFIs that they may accept PoR Card issued by NADRA (National database & amp; Registration Authority) as identity document for opening accounts of Afghan refugees. Accordingly, biometric verification of Afghan refugees holding PoR Card has been made live by NADRA… Continue reading

FATF advises Pakistan to do more

KARACHI: The Financial Action Task Force (FATF) has advised Pakistan to take further actions including strengthening of anti-money-laundering and counter terrorism financing – AML/CFT supervisory measures by the regulatory authorities. The meetings of Financial Action Task Force (FATF) took place at OECD, Paris from February 17-22, 2019 to review the… Continue reading