Regulatory Alerts2019-12-23
DNFBPs Notification
This notification officially designates specific regulatory and supervisory authorities for Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) compliance across Designated Non-Financial Businesses and Professions. Accountants are regulated by ICAP/ICMAP under the SECP or the FBR, while precious metal dealers and real estate agents fall under the FBR, and lawyers are supervised by the Pakistan Bar Council. The Financial Monitoring Unit is tasked with issuing operational guidelines to these newly designated bodies, effectively superseding the previous notification dated December 16, 2019.
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