PSX extends date for report AML/CFT by stock brokers up to Nov 14

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KARACHI: Pakistan Stock Exchange (PSX) has extended time for submission of Anti-Money Laundering (AML)/ Countering Financing of Terrorism (CFT) reporting by stock brokers up to November 14, 2018.

 

 

 

A notice issued on Thursday, the stock exchange said that the last date for submission of information relating to AML/CFT had been extended up to November 14, 2018.

It informed all TRE Certificate Holders that the Securities and Exchange Commission of Pakistan (SECP) had issued revised guidelines on AML/CFT and proliferation financing.

In view of these guidelines, the TREC holders are required to ensure submission of the following with the exchange:

01.Copy of updated AML and Know Your Customer (KYC) policy duly approved by its Board of Directors.
02.Preparing AML/CFT Risk Assessment.
03. AML/CFT Compliance Assessment Checklist.

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