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Details of penal action taken by Exchange & SECP:
The Securities and Exchange Commission of Pakistan (SECP) reviewed the records during an inspection under the SECP AML/CFT Regulations. The SMD Division, through its orders dated September 6, 2019, July 9, 2020, and November 30, 2023, imposed fines of Rs. 100,000, Rs. 150,000, and Rs. 20,000, respectively, in respect of few instances of alleged non-compliances.
