ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued revised and more elaborative Anti Money Laundering and Counter Financial Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs).The new guidelines explicitly highlight the consequences of money laundering, terrorist financing, predicate crimes and other abuses on the NPO sector, said a statement issued by SECP here on Tuesday. The AML/CFT guidelines for NPOs, firstly issued in September 2018 aimed at facilitating Section 42 companies with compliance with AML/CFT regulations 2018. The amended version would provide NPO sector an improved understanding of risks of terrorist financing including transnational TF risk.It also explained some key concepts of TF. These guidelines also include major findings of Pakistan’s National Inherent Risk Assessment on money laundering and terrorism financing.The revised Guidelines have elaborated terrorist financing processes including directions, sources, and channels of TF; and updated the criteria for the assessment of vulnerable or high-risk NPOs. SECP has amended the guidelines to account for the evolving TF risks and further make the NPO sector aware of the best practices, good governance measures as well as the red flags to mitigate such risks.The SECP’s AML/CFT guidelines are developed in a manner that these can also be adopted by NPOs registered/licensed with provincial governments.The revised Guidelines are being disseminated to provinces and have been placed on SECP’s website www.secp.gov.pk for public access.