Legal Guidelines: SECP briefs on beneficiary framework
SECP’s obligations under the FATF action plan include identifying and assessing terror-financing risks
SECP. PHOTO: FILE
ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) organised a workshop on Thursday for journalists on its anti-money laundering regime and framework to detect beneficiaries of companies. The head of SECP’s anti-money laundering (AML) and international relations departments, Khalida Habib, briefed journalists on the Financial Action Task Force (FATF) on money laundering, AML/CFT recommendations, legal framework for AML /CFT and about procedures for monitoring implementation on FATF recommendations and the challenges therein. Corporatisation and compliance department Additional director Waseem Ahmad Khan gave a briefing on SECP’s regulatory framework for beneficial ownership. The SECP’s obligations under the FATF action plan include identifying and assessing terror-financing risks, in relevant sectors, geographic locations, channels and products, in consultation with FMU, LEAs, and other stakeholders.
Published in The Express Tribune, November 23rd, 2018.
The Securities and Exchange Commission of Pakistan (SECP) organised a workshop on Thursday for journalists on its anti-money laundering regime and framework to detect beneficiaries of companies. The head of SECP’s anti-money laundering (AML) and international relations departments, Khalida Habib, briefed journalists on the Financial Action Task Force (FATF) on money laundering, AML/CFT recommendations, legal framework for AML /CFT and about procedures for monitoring implementation on FATF recommendations and the challenges therein. Corporatisation and compliance department Additional director Waseem Ahmad Khan gave a briefing on SECP’s regulatory framework for beneficial ownership. The SECP’s obligations under the FATF action plan include identifying and assessing terror-financing risks, in relevant sectors, geographic locations, channels and products, in consultation with FMU, LEAs, and other stakeholders.
Published in The Express Tribune, November 23rd, 2018.