Please refer to the Anti-Money Laundering
and Combating the Financing of Terrorism
(AML/CFT) Regulations issued vide BPRD Circular
No. 2 dated September 13, 2012 as amended
from time to time.
2. With a view to further align AML/CFT
Regulations with the Financial Action Task
Force (FATF) Recommendations, SBP has decided
to amend various provisions of the Regulations.
These amendments will provide further clarity
on implementation of AML/CFT requirements
by banks/ DFIs, including customer due diligence
(CDD), correspondent banking, wire transfers/
funds transfers and minimum documents required
for opening accounts by customers.
3. Therefore, the amendments as per attached
made in the aforesaid Regulations.
4. All other instructions on the subject
shall remain unchanged.
5. The updated version of the ‘Regulations’