First Paramount Modaraba Approves Formation of Subsidiary to Expand AML CFT Operations

Karachi, First Paramount Modaraba, a renowned financial institution, has announced the approval of the formation of a subsidiary by its Board of Directors. This strategic decision follows the necessary approval obtained from the Securities and Exchange Commission of Pakistan (SECP) and aims to enhance the operations related to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).

The formation of the subsidiary demonstrates First Paramount Modaraba’s commitment to strengthening its AML CFT business segment and expanding its presence in this critical area.

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