Anti-terror finance controls tightened
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a Guidebook on Targeted Financial Sanctions (TFS) to help prevent terrorist financing and other illicit activity while safeguarding the integrity of Pakistan’s financial system. The guidebook explains, in practical terms, the steps regulated entities should take to meet their obligations under applicable TFS…
Islamabad witnessed the Securities and Exchange Commission of Pakistan (SECP) releasing a Guidebook on Targeted Financial Sanctions (TFS) on October 14th, 2026. This guidebook aims to bolster efforts against terrorist financing and other illicit activities, while simultaneously preserving the stability of Pakistan’s financial sector.
The guidebook delves into the practical steps required for regulated entities to comply with TFS obligations, including thorough customer screening, identifying potential matches, freezing funds and assets of sanctioned individuals swiftly, and reporting promptly to relevant authorities. Additionally, the guidebook emphasizes the significance of establishing clear internal procedures, conducting regular screenings, maintaining accurate records, raising staff awareness, and implementing robust compliance controls.
SECP urges regulated entities to leverage this guidebook as a tool to evaluate and fortify their existing compliance frameworks. This initiative follows a series of TFS awareness sessions organized by SECP in partnership with the National Counter Terrorism Authority (NACTA). These sessions and the guidebook collectively bolster the understanding and execution of Pakistan’s Anti-Money Laundering, Countering Financing of Terrorism, and Proliferation Financing (AML/CFT/PF) framework.
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