Insurance companies directed to combat money laundering
1/13/2012 11:15:03 AM
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a directive to the insurance companies on the anti-money laundering (AML) regime, including the customer due diligence and know your customer (CDD/KYC) policies and designation of compliance officers.
According to a statement issued by the Commission on Thursday, the directive has been issued to address the gaps related to the threat of money laundering in the insurance industry.
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