Please refer to the instructions contained in paragraph 2 of Prudential Regulation M-5 in terms of which banks / DFIs are required to report suspicious transactions to Banking Policy & Regulations Department of State Bank of Pakistan.

Banks / DFIs are aware that Anti-money Laundering Ordinance, 2007 requires reporting of suspicious transactions solely and exclusively to FMU. Therefore, paragraph 2 of Prudential Regulation M-5 is partly amended as follows:

The text “Banking Policy Department of the State Bank of Pakistan” may be substituted with the text “the Director General, Financial Monitoring Unit, Karachi.”

Accordingly, banks/ DFIs are advised to report suspicious transactions to the Director, General, Financial Monitoring Unit, State Bank of Pakistan, Main Building Karachi in future.

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