Beneficial owners of Benami accounts to face consequences: FBR

ISLAMABAD: After refusal of Pakistan Banking Association (PBA) for updating Know Your Customer (KYC) requirements on account of beneficial owner in the light of Benami law, the FBR has warned of having dire consequence for the beneficial owners of accounts and also for those maintaining such accounts under the Benami… Continue reading

NCCPL launches centralized Know-Your-Customer organization functions

KARACHI: Another milestone achieved – National Clearing Company of Pakistan Limited (NCCPL) is pleased to announce that as a Centralized Know Your Customer “KYC” Organization “CKO” licensed under the Centralized KYC Organization Rules, 2017, it has commenced its services effective from July 17, 2019. [the_ad id=”32940″]The KYC system has been… Continue reading

NCCPL further delays KYC Information System for Pakistan Stock Exchange

KARACHI: The national Clearing Company of Pakistan (NCCPL) has further delayed the implementation of KYC information System (KIS) due to revision in Know Your Customer Organization (CKO) regime. It may be mentioned here that despite severe trust crisis and default of brokers, the key investor protection measures like KYC and… Continue reading