The FAQs aim to facilitate the SECP's regulated financial services industry and investors to understand their obligations under the AML/CFT regime, enabling them to ensure effective compliance and meeting evolving regulatory expectations.
"Through the associations Safety Committee, members, and staff, AFS was an important contributor to the formulation of the FAQs," AFS CEO Doug Kurkul said.
Agencies also may consider the system security plan as part of "an overall risk management decision to determine whether it is advisable to pursue a contract with the contractor." See FAQ 18.
SECP has now issued certain additional FAQs pertaining to the mode of participation of directors in general meeting, matters affecting disclosures in the statement of compliance with the Regulations and election of independent directors.
New Delhi: Persons who have earned money through corrupt practices cannot take advantage of the domestic black money disclosure scheme, says the Finance Ministry's FAQ on Income Declaration Scheme issued on Friday.
A new item has been added to the Frequently Asked Questions (FAQs) service on the BEA Web site, providing an answer to the following question: "What is final consumption expenditures of nonprofit institutions serving households (NPISHs), and how do revisions to this category affect total personal consumption expenditures (PCE)?"