ISLAMABAD: The Securities and change commission of Pakistan (SECP) and Federal investigation company (FIA) Monday signed a memorandum of expertise (MoU) to formalize mechanism for information sharing and cooperation between the 2 groups.
The MoU will function a basis for destiny collaboration and capacity constructing to shield the united states of america’s digital financial gadget from cybercrime and fraud threats, stated a press launch issued here.
Director preferred FIA, Mohsin Hassan Butt (PSP) and the SECP Chairman, Akif Saeed inked the MoU at a rite held at SECP head workplace.
Akif Saeed, appreciated the DG FIA for extending cooperation and sought the business enterprise’s help for the capacity building of its officials, especially on the subject of forensic evidence collections.
The DG FIA affirmed that the MoU might also facilitate using shared sources and infrastructure, leading to a extra efficient and effective disposal of investigations regarding illegal deposit taking and frauds that affected the general public at big.
He agreed to the chairman’s suggestion to commence capability-building education for SECP officials.
both the heads agreed to rent focal individuals from the regional workplaces of FIA and SECP for efficient sharing of information.
The SECP’s head of Prosecution and prison Affairs Muzzafar Mirza gave a detailed presentation on SECP’s mandate and prosecution mechanism.