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.