SECP-AML-CFT-CPF Regulations-2020 as amended up to July 3, 2026

The Securities and Exchange Commission of Pakistan mandates regulated persons, including securities brokers, insurers, and NBFCs, to implement risk-based anti-money laundering, counter-terrorist financing, and countering proliferation financing frameworks. The regulations require comprehensive customer due diligence, beneficial ownership identification, and enhanced due diligence for high-risk clients such as politically exposed persons. Recent amendments update definitions, reduce the dormant account threshold to three years, and enforce immediate account blocking for cancelled CNICs while removing attestation requirements for identity documents.

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Government of Pakistan
Securities and Exchange Commission of Pakistan Islamabad, Dated 28th September 2020 S.R.O. 921 (I)/2020. - In exercise of the powers conferred by section 6A of the Anti Money Laundering Act, 2010 (VII of 2010), the Securities and Exchange Commission of Pakistan, is pleased to make the following regulations, namely: -
CHAPTER I
PRELIMINARY

Short Title and Commencement- These regulations shall be called the Securities
and Exchange Commission of Pakistan (Anti Money Laundering, 1 [Combating the Financing of Terrorism and Countering Proliferation Financing)]Regulations, 2020.
They shall come into force at once.
Definitions- (1) In these regulations, unless there is anything repugnant in the
subject or context, -
(a) “AML Act” means Anti Money Laundering Act, 2010 (VII of 2010); (b) “Act” means Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997); (c) “administered legislation” shall have the same meaning as assigned to it in clause (aa) of sub-section (1) of section 2 of the Act; (d) “AML/CFT/CPF” means Anti-Money Laundering, [Combating the Financing of Terrorism and Countering Proliferation Financing] 2 ; (e) “Annex” means annexures appended to these regulations; (f) “beneficiary” for the purposes of these regulation shall include- (i) a natural or legal person or arrangement who are entitled to the benefit of any trust arrangement.

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Lineage: In force

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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works