Home / General / A meeting of Securities and Exchange Commission of Pakistan, State Bank of Pakistan, National Accountability Bureau, Federal Investigation Agency, police convened to chalk out strategy to combat business fraud

A meeting of Securities and Exchange Commission of Pakistan, State Bank of Pakistan, National Accountability Bureau, Federal Investigation Agency, police convened to chalk out strategy to combat business fraud

Islamabad, January 07, 2013 (PPI-OT): In order to chalk out a comprehensive strategy to combat business fraud, a meeting of a special committee comprising of representatives of the Securities and Exchange Commission of Pakistan, Financial Monitoring Unit, State Bank of Pakistan, National Accountability Bureau, Federal Investigation Agency, and the police is being held on Tuesday, January 8,2013, at the SECP head office.

The committee will focus on preventing illegal business activities, including Ponzi and pyramid schemes, carried out by companies and unregistered entities. The committee has been formed to achieve synergy to prevent fraudulent business activities that cheat the public. It will share information to identify and prevent business scams.

The participants will consider developing a national anti-fraud strategy and institutionalizing the coordination mechanism by setting up an all-encompassing anti-fraud body in the country. The committee will identify various areas of common interest, including intelligence sharing, and training of investigators.

Mr. Tahir Mahmood, the SECP Commissioner, Company Law Division, will make the keynote speech.

Tickers:

1. A meeting of a special committee comprising of representatives of the Securities and Exchange Commission of Pakistan, Financial Monitoring Unit, State Bank of Pakistan, National Accountability Bureau, Federal Investigation Agency, and the police is being held on Tuesday, January 8, at the SECP head office: SECP

2. The participants will consider developing a national anti-fraud strategy and institutionalizing the coordination mechanism by setting up an all-encompassing anti-fraud body in the country. The SECP spokesperson

3. Mr. Tahir Mahmood, the SECP Commissioner, Company Law Division, will make the keynote speech.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

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