image

Anti-Money Laundering (AML) Framework

Regulatory Compliance

Ensuring adherence to international and local regulations in the context of Anti-Money Laundering (AML) involves a comprehensive commitment to legal compliance and ethical business practices.

Risk Assessment and Mitigation

Implementing robust risk assessment strategies and mitigation measures in the context of Anti-Money Laundering (AML) involves a systematic and proactive approach.

Enhanced Due Diligence (EDD)

Conducting thorough background checks and implementing enhanced due diligence practices to scrutinize high-risk transactions and clients effectively.

image image

Counter Terrorist Financing (CFT) - Why Does It Matter?

Terrorist financing pertains to the utilization of funds, whether they have lawful or unlawful origins, for the purpose of facilitating terrorist activities. While terrorist financing transactions typically involve smaller sums compared to those connected with money laundering, they can lead to devastating loss of human lives. Pakistan's efforts to combat terrorist financing aim to ensure public safety, in collaboration with the United Nations and Pakistani targeted financial sanctions regimes.

Pakistan’s Designated Non-Financial Businesses and Professions (DNFBPs)

Legal Framework

The legal framework for Designated Non-Financial Businesses and Professions (DNFBPs) in Pakistan.

Scope of DNFBPs

The scope of DNFBPs encompasses a diverse range of businesses and professions.

AML/CFT Measures for DNFBPs:

AML/CFT measures for DNFBPs involve a systematic assessment of money laundering .

Supervision and Enforcement

Supervision and enforcement mechanisms ensure regulatory oversight and compliance adherence .

image

© 2023 All Rights Reserved By NubitSoft