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 […]
Understanding SECP CEO Appointment Dispute: Legal Insights in Pakistan
Table of Contents 1. Introduction The case 2024 C L D 1118 focuses on an appeal filed by the Pakistan Poverty Alleviation Fund (Appellant) against the Securities and Exchange Commission of Pakistan (SECP). The dispute arose from SECP’s rejection of the Appellant’s request for prior approval to appoint a Chief Executive. The SECP’s Appellate Bench […]