The Securities and Exchange Commission of Pakistan has stressed the need to cultivate a sustainable and resilient culture of anti-money laundering and counter financing of terrorism compliance within the non-bank financial sector.

Talking at the training program arranged by Mutual Funds Association of Pakistan, SECP Commissioner Sadia Khan highlighted the critical role of Non-Banking Finance Companies in preventing the use of financial systems by the criminal elements.

She appreciated the effort of the industry to improve its capabilities for safeguarding the sector against the risk of money laundering, fraud, and terrorism.

She emphasized that SECP with the support of the government, has introduced various regulatory reforms to rationalize the legislative requirements and refined the regulatory processes.