SECP Issues Revised Anti-Money Laundering Guidelines for Non-Profits

The Securities and Exchange Commission of Pakistan (SECP) has issued revised and more elaborate Anti Money Laundering and Counter Financial Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs).

The new guidelines explicitly highlight the consequences of money laundering, terrorist financing, predicate crimes and other abuses in the NPO sector, said a statement issued by SECP on Tuesday.

Source: Pro Pakistani