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, a statement said on Friday.
More than 115 participants from the NPO sector, registered intermediaries and KTBA members were present on the occasion, it added.
An official of the commission made a detailed presentation on the AML/CFT regulatory requirements and the mechanism for implementation of the 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 the findings of the National Terrorism Financing Risk Assessment, the statement said.
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.
The picture shows a logo of Federation of Pakistan Chambers of Commerce & Industry . — APP/FileKARACHI: Atif Ikram...
The image shows the logo of the Securities and Exchange Commission of Pakistan . — APP/FileISLAMABAD: The Securities...
This image released on January 26, 2023, shows the logo of Archroma. — Facebook/ArchromaKARACHI: Archroma Pakistan...
The logo of the Trade Development Authority of Pakistan . — TDAP website. Mirpur: Kausar Taqadus Gilani, Minister...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs600 per...
Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021. —...