The Securities and Exchange Commission of Pakistan (SECP) has issued a directive to the stock exchanges and financial companies to adopt anti-money laundering and anti-terror financing measures according to the instructions given by Financial Action Task Force (FATF). The SECP also said that all listed companies should abide by the rules and regulations proposed by FATF. The Financial Action Task force has also pointed certain areas and suggested measures to the financial institutions to counter terrorist financing and money laundering.

In lieu of the above directions by the SECP and SBP jointly, the Pakistani business leaders have shown their agreement to adopt and apply the measures and recommendations very strictly.

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