SECP points revised AML/CFT pointers for non-profit organizations

ISLAMABAD: Securities and Change Fee of Pakistan has issued revised and extra elaborative Anti Cash Laundering and Counter Monetary Terrorism pointers for Non-Revenue Organizations.

In accordance with particulars, the brand new pointers explicitly spotlight the implications of cash laundering, terror financing, predicate crimes and different abuses on the NPO sector.

The amended model would supply NPO sector an improved understanding of dangers of terrorist financing.

These pointers additionally embrace main findings of Pakistan’s Nationwide Inherent Danger Evaluation on cash laundering and terrorism financing.

The revised Pointers are being disseminated to provinces and have been positioned on SECP’s web site www.secp.gov.pk for public entry.

Final month, the Securities and Change Fee of Pakistan (SECP) had issued an idea paper to introduce the categorization of brokers for addressing the difficulty of custody of consumer property.

The SECP stated the fee had been endeavor a reform agenda to revitalize the capital market and promote the growth of investor base.

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