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HomeBusinessSECP proposes IBAN, biometric verification for digital onboarding of investors

SECP proposes IBAN, biometric verification for digital onboarding of investors

The Securities and Exchange Commission of Pakistan (SECP) has proposed major amendments to the AML/CFT/CPF Regulations, 2020 to strengthen anti-money laundering safeguards while enabling fully digital onboarding of investors, introducing IBAN-based verification, mandatory use of verified bank accounts/e-wallets, and multi-biometric authentication

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