Tag Archives: SECP moves to strengthen AML/CFT framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday proposed amendments in the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations, 2018 to comply with the Financial Action Task Force (FATF) recommendations. The draft amendments provide clarity on verification for beneficial ownership, close associates and family members of politically-exposed persons (PEPs). The proposed amendments elaborate on the …

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