Pakistan’s SECP Issues Guidebook on Financial-Misuse Controls

The Securities and Exchange Commission of Pakistan (SECP) has issued a guidebook outlining strengthened compliance measures for financial institutions and other regulated entities, with a focus on preventing terrorist financing and other illicit activities. The guidance calls for enhanced checks designed to detect and prevent misuse of financial services. The initiative is intended to protect Pakistan’s financial system from illicit activity. Institutions are expected to implement the guidelines promptly. The measures may lead to increased scrutiny as regulated entities adjust their compliance practices. The SECP oversees corporate and financial markets and regulated entities in Pakistan.

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