SECP issues TFS guidebook, warns of fines up to Rs100m
SECP has issued a guidebook on Targeted Financial Sanctions (TFS) for regulated entities, setting out practical methods for screening customers and beneficial owners, verifying potential matches, freezing assets without delay and reporting on time.
October 13, 2026 (MLN): SECP has issued a guidebook on Targeted Financial Sanctions (TFS) for regulated entities, setting out practical methods for screening customers and beneficial owners, verifying potential matches, freezing assets without delay and reporting on time. The guidebook was issued after joint awareness sessions held by SECP and the National Counter Terrorism Authority (NACTA). The step aims to preven...