ANL 32.20 Decreased By ▼ -0.60 (-1.83%)
ASC 14.45 Decreased By ▼ -0.15 (-1.03%)
ASL 22.65 Decreased By ▼ -0.24 (-1.05%)
AVN 85.81 Decreased By ▼ -2.07 (-2.36%)
BOP 7.95 Decreased By ▼ -0.02 (-0.25%)
BYCO 9.95 Decreased By ▼ -0.01 (-0.1%)
DGKC 115.45 Decreased By ▼ -0.75 (-0.65%)
EPCL 53.00 Decreased By ▼ -0.50 (-0.93%)
FCCL 23.16 Decreased By ▼ -0.52 (-2.2%)
FFBL 27.00 Decreased By ▼ -0.55 (-2%)
FFL 15.10 Decreased By ▼ -0.20 (-1.31%)
HASCOL 9.14 Decreased By ▼ -0.11 (-1.19%)
HUBC 76.05 Decreased By ▼ -0.45 (-0.59%)
HUMNL 6.20 Increased By ▲ 0.01 (0.16%)
JSCL 20.35 Decreased By ▼ -0.16 (-0.78%)
KAPCO 38.52 Decreased By ▼ -0.18 (-0.47%)
KEL 3.70 Decreased By ▼ -0.06 (-1.6%)
LOTCHEM 15.15 Decreased By ▼ -0.35 (-2.26%)
MLCF 43.05 Decreased By ▼ -0.70 (-1.6%)
PAEL 32.10 Decreased By ▼ -0.60 (-1.83%)
PIBTL 10.04 Increased By ▲ 0.09 (0.9%)
POWER 8.70 Increased By ▲ 0.05 (0.58%)
PPL 82.50 Decreased By ▼ -0.80 (-0.96%)
PRL 23.79 Decreased By ▼ -0.26 (-1.08%)
PTC 9.10 Decreased By ▼ -0.05 (-0.55%)
SILK 1.30 Decreased By ▼ -0.06 (-4.41%)
SNGP 39.15 Decreased By ▼ -0.20 (-0.51%)
TRG 170.01 Decreased By ▼ -0.99 (-0.58%)
UNITY 31.02 Decreased By ▼ -0.23 (-0.74%)
WTL 1.48 Decreased By ▼ -0.04 (-2.63%)
BR100 4,778 Decreased By ▼ -47.04 (-0.97%)
BR30 24,842 Decreased By ▼ -217.71 (-0.87%)
KSE100 44,543 Decreased By ▼ -387.06 (-0.86%)
KSE30 18,223 Decreased By ▼ -151.69 (-0.83%)

Coronavirus
VERY HIGH
Pakistan Deaths
16,842
14424hr
Pakistan Cases
784,108
587024hr
Sindh
275,815
Punjab
282,469
Balochistan
21,365
Islamabad
72,150
KPK
110,875

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Karachi Tax Bar Association (KTBA), conducted an awareness session on the anti-money laundering/counter-terrorism financing (AML/CFT) obligations of non-profit organisations licensed under section 42 of the Companies Act, 2017, as well as Karachi-based registered intermediaries.

More than 115 participants from the NPO sector, registered intermediaries and KTBA members were in attendance.

An SECP official made a detailed presentation on the AML/CFT regulatory requirements as well as the mechanism for implementation of United Nations Sanctions Regime under resolutions 1267 and 1373 for designation of terrorist organisations and individuals.

The session also focused on the relevant recommendations of the Financial Action Task Force as well as findings of the National Terrorism Financing Risk Assessment.

A large part of the discussion was focused on directions, channels and sources of terror finance, risk assessment of NPOs and various policy, legislative and administrative measures for terrorist financing risk mitigation.

These sessions are aimed at improving the understanding of suspicious transaction reporting requirements under the AML/CFT framework.

Copyright Business Recorder, 2019