The Presidents/ Chief Executive Officers,
All Banks/ DFIs/ MFBs.
Realignment of Reporting on Fraud Risk Management
Please refer to the BPRD Circular No. 03 of February 20, 2014 & BPRD Circular Letter No. 06 of March 02, 2015 on “Fraud Risk Management and Reporting”.
2) In this regard, it is informed that “Regulatory Reporting & Monitoring Function of Frauds, Forgeries & Dacoities Data of Banks, DFIs and MFBs” has been transferred to Off-site Supervision & Enforcement Department (OSED) from Banking Policy & Regulations Department (BPRD) of State Bank of Pakistan.
3) Accordingly, all the periodical returns/ statements/ reports relating to fraud risk management (fraud, forgeries and dacoities etc.) shall now be submitted to OSED, with immediate effect.
4) All other instructions on the subject shall, however, remain unchanged.
5) Please acknowledge receipt.