Staff Reporter
Islamabad
The Securities and Exchange Commission of Pakistan (SECP), in collaboration with United Nations Office on Drugs and Crime (UNODC), conducted series of workshops for SECP regulated financial institutions to enhance understanding of the risk-based approach to prevent money laundering and terror financing. This initiative was part of the overall SECP AML/CFT capacity building program to enhance the understanding of ML/TF threat and vulnerabilities as identified in the National Risk Assessment 2019 and elevate the level of AML/CFT compliance. The program is supported by UNODC as part of its technical assistance to facilitate enhanced capacity and coordination in combating money-laundering and countering the financing of terrorism based on international good practice and transfer of knowledge on operational expertise. Over 500 professionals from Securities and Commodities markets, Insurance/Takaful companies, Non-Banking Finance Companies and Modaraba sector participated in 15 full day workshops held in Karachi, Islamabad and Lahore in Nov 2019.
