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FAQs on Sectoral Risk Assessment of Legal Person Legal Arrangements (LPLA)

SECP is pleased to publish this new version of SECP’s Frequently Asked Questions (FAQs) on AML/CFT aiming to facilitate understanding of SECP’s regulated financial services industry and investors to comprehend and implement their obligations under the AML/CFT regime and to meet evolving regulatory expectations for anti-money laundering and sanctions compliance. This batch is specially focused on Sectoral Risk Assessment of Legal Person and Legal Arrangements (LPLA) 2021.

The information included in these FAQs will assist Financial Institutions, DNFBPs, their supervisors and LEAs on a range of topics, such as KYC, CDD, risk assessments and how to comply with AML/ CFT standards issued by SECP in light of Financial Action Task Force (FATF) Recommendations.

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