"/>

          Pakistan issues anti-money laundering regulations
          Source: Xinhua   2018-06-21 00:10:29

          ISLAMABAD, June 20 (Xinhua) -- The apex regulator Securities and Exchange Commission of Pakistan (SECP) issued the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFR) Regulations 2018 on Wednesday.

          The regulations are fully compliant with the recommendations set by the Financial Action Task Force (FATF), which are compulsory for the country as a member of the Asia Pacific Group on Money Laundering.

          In its fresh set of regulations, the country's apex regulator has enhanced its focus towards the high-risk areas by adopting the taking-a-risk-based approach towards battling the scourge of money laundering and financing of terrorism.

          The new regulations make it difficult for the criminals to hide their identity by using complex ownership structure of companies, partnerships, trusts, or other similar forms. Similarly, the financial institutions will now be required to identify the ultimate beneficial owner before offering their services to them.

          The FATF is all set to review Pakistan's Action Plan in the coming day. The FATF will announce its decision regarding Pakistan's including in its "black-list" of countries that financially aid terrorism on June 29, 2018.

          A spokesperson for the FATF has informed that the meeting will commence on June 25 and review Pakistan's Action Plan until June 29 before announcing its decision.

          Editor: yan
          Related News
          Xinhuanet

          Pakistan issues anti-money laundering regulations

          Source: Xinhua 2018-06-21 00:10:29
          [Editor: huaxia]

          ISLAMABAD, June 20 (Xinhua) -- The apex regulator Securities and Exchange Commission of Pakistan (SECP) issued the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFR) Regulations 2018 on Wednesday.

          The regulations are fully compliant with the recommendations set by the Financial Action Task Force (FATF), which are compulsory for the country as a member of the Asia Pacific Group on Money Laundering.

          In its fresh set of regulations, the country's apex regulator has enhanced its focus towards the high-risk areas by adopting the taking-a-risk-based approach towards battling the scourge of money laundering and financing of terrorism.

          The new regulations make it difficult for the criminals to hide their identity by using complex ownership structure of companies, partnerships, trusts, or other similar forms. Similarly, the financial institutions will now be required to identify the ultimate beneficial owner before offering their services to them.

          The FATF is all set to review Pakistan's Action Plan in the coming day. The FATF will announce its decision regarding Pakistan's including in its "black-list" of countries that financially aid terrorism on June 29, 2018.

          A spokesperson for the FATF has informed that the meeting will commence on June 25 and review Pakistan's Action Plan until June 29 before announcing its decision.

          [Editor: huaxia]
          010020070750000000000000011105521372686701
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲日韩精品一区二区三区 | 亚洲一本在线视频 | 日韩国产精品视频一区二区三区 | 午夜性色福利剧场 | 亚洲成年人电影在线观看 | 中文字幕精品三区 |