SECP Cracks Down on 28,761 Companies for Failing to Report Ultimate Beneficial Owners

The Securities and Exchange Commission of Pakistan (SECP) has intensified its enforcement push against companies dodging transparency requirements, targeting a massive wave of non-compliant entities that have refused to disclose their true owners. The regulatory action comes as Pakistan tries to meet international anti-money laundering standards and clean up corporate structures long used to conceal illicit ownership.