On May 13, 2024, a training session was held on “AML Capacity building session for SECP regulated persons in collaboration with FMU” facilitated by Securities & Exchange Commission of Pakistan (SECP) in collaboration with Financing Monitory Unit (FMU) with the aims to provide a comprehensive understanding of FMU’s operations and the pivotal role they play in safeguarding the integrity of our financial system along with understanding of Beneficial Ownership (BO) Ecosystem.
The NBFI & Modaraba Association of Pakistan was leading for requisite arrangements and liaison with SECP team in collaboration with Mutual Funds Association of Pakistan and Insurance Association of Pakistan.
The main theme of the session was to understand the Role of FMU and working of goAML & Beneficial Ownership Regime:
- To create awareness among SECP Regulated Persons relating to understanding of Role of FMU, goAML, filing of STRs/CTRs and sector specific queries;
- Understanding Beneficial ownership ecosystem and growing potential risks of misuse of legal persons
As pivotal institutions within Pakistan’s financial landscape, SECP and Financial Monitoring Unit (FMU) are steadfast in our commitment to advancing regulatory compliance and cultivating a culture of transparency and diligence across the financial sector. With this objective in mind, we are organizing a specialized capacity-building session tailored for members of your associations, as demanded by sectors representatives in the our outreach sessions of NRA-2023.
The session was conducted by Ms. Maheen Fatima, Director/HOD-Anti Money Laundering Department, SECP, Mian Muhammad Imran, Additional Joint Director, Anti Money Laundering Department, SECP, Ms. Sumera Baloch, Additional Director, FMU, Mr. Yasir Lashari, Additional Director, FMU (SECP/DNFBPs Division), Mr. Shahzad Hussain, Deputy Director, FMU and Mr. Aamir Ali, Assistant Director, FMU.
A large numbers of participants through physically and virtually attended the session by the members of NBFI & Modaraba Association of Pakistan, Mutual Funds Association of Pakistan and Insurance Association of Pakistan.
