ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) issued a targeted financial sections guidebook for regulated institutions,it was reported on Tuesday.
The guidebook includes practical methods for screening customers and beneficial owners.
It provides instructions on vetting potential matches, the immediate freezing of assets, and timely reporting.
The SECP urges institutions to adopt clear procedures, regular screening, and effective compliance controls.
The guidebook was issued following joint awareness sessions held by the SECP and NACTA.
The initiative aims to prevent the misuse of financial services and safeguard the financial system.
