Why SECP Fined United Insurance – Simple Guide
Table of Contents What Happened? SECP fined United Insurance Rs. 100,000.Company went to court but lost. The Problem Found Company’s 5 Arguments Court’s Decisions Important Lessons ✔ SECP checks carefully✔ Keep real money in funds✔ No paper tricks allowed Need Help? Contact:Muhammad Amin Advocate🏢 Tehkal, Peshawar University Road📞 0313-9708019
Fine on securities in money laundering cases in pakistan
Table of Contents Introduction In 2024, SECP imposed a Rs. 60,000 penalty on Xpert Securities Limited for breaching anti-money laundering regulations. The company appealed, and the case was decided on 13th February 2024. Background Xpert Securities, a TREC holder at PSX, was inspected by SECP for non-compliance with anti-money laundering rules. SECP issued a penalty […]