KARACHI: The State Bank of Pakistan (SBP) on Friday released an updated Exchange Companies Manual by incorporating references related to regulations, guidelines and notifications issued by it and the government from time-to-time on money laundering and terrorism financing, a circular said.
The SBP amended the title of Chapter 6 and para 20 of Chapter 8 of the Exchange Companies Manual as “Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing Regulations”.
“Exchange Companies (ECs) and Exchange Companies of ‘B’ Category (ECs – B) shall comply with the Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing Regulations issued by the SBP on September 30, 2020 under the powers conferred by Section 6A (2) of the Anti-Money Laundering Act, 2010 (Act),” the SBP said.
The Securities and Exchange Commission of Pakistan logo. — APP/File ISLAMABAD: The three-day capacity building...
The image shows the logo of the Securities and Exchange Commission of Pakistan . — APP/FileISLAMABAD: The Securities...
The picture shows a logo of Federation of Pakistan Chambers of Commerce & Industry . — APP/FileKARACHI: The...
This image released on July 14, 2023, shows the logo of InDrive. — Facebook/inDriveKARACHI: inDrive, a ride-hailing...
Gold bars can be seen in this image. — AFP/FileKARACHI: Gold prices increased by Rs2,500 per tola on Friday in the...
This photo illustration shows Japanese 10,000 yen banknotes in Tokyo on November 19, 2021. — AFPTokyo: The yen...