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.
Please
acknowledge receipt.