ISLAMABAD, March 23: The SECP has published frequently asked questions (FAQs) on anti-money laundering/countering financing of terrorism (AML/CFT), providing answers to specific questions. The FAQs provide clarifications on the SECP AML/CFT Regulations, 2018, and on guidelines regarding relevant regulations.
The FAQs aim to facilitate the SECP’s regulated financial services industry and investors to understand their obligations under the AML/CFT regime, enabling them to ensure effective compliance and meeting evolving regulatory expectations.
Queries raised during the awareness sessions held on SECP AML/CFT Regulations, 2018, and implementation guidelines as well as discussions held with participants and investors in securities sector, NBFCs and insurance sector have been answered through these FAQs.
The FAQs include information on a range of topics, such as CDD, customer identification and verification, customer risk assessment, United Nation Security Council Sanction Regimes, and details/ information on various other topics to improve compliance with regulations and the FATF Recommendations.
