Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 04 of 2015
January 28, 2015

The Presidents/Chief Executives
All Banks/DFIs/MFBs


Dear Sirs /Madam,

Currency Transaction Report (CTR) under Anti-Money Laundering Act, 2010

Please refer to BPRD Circular Letter No. 39 of 2009 and Paragraph 7 of Regulation - 4 of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations for Banks/DFIs, as amended from time to time.

2.         In this regard, please find enclosed Ministry of Finance, Government of Pakistan’s Notification No. F.1-5/AML-I/2014 dated January 21, 2015, wherein the CTR threshold has been lowered to rupees two million and above with immediate effect.

3.         Accordingly, the compliance of requirement set out in the notification should be ensured.

4.         Please acknowledge receipt.

Encl: As above.




Yours truly,

Sd/-

(Shaukat Zaman)
Director

       
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