Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 52 of 2020
December 31, 2020

The Presidents / Chief Executives
All Banks / DFIs / MFBs

Dear Sir / Madam

Measures to Mitigate COVID-19 Pandemic – AML/CFT/CPF Regulations

Please refer to BPRD Circular Letters No. 32 & 33 of 2020 and AC&MFD Circular Letters No.3 & 6 of 2020 whereby measures like utilization of NADRA Verisys in place of Biometric Verification were prescribed to limit the spread of COVID-19 pandemic.

2.        Keeping in view the intensity and ongoing impact of COVID-19 pandemic in the country, it has been decided to further extend the validity of measures stipulated in above referred Circular Letters from December 31, 2020 to June 30, 2021.

3.         Additionally, Microfinance Banks (MFBs) shall resume biometric verification, prescribed vide AC&MFD Circular Letter No. 06 of 2020 with revised timelines of July 31, 2021 and September 30, 2021 for customers assigned medium and normal priorities, respectively.

4.         Further, as mandated in BPRD Circular No. 06 of 2016, Authorized Financial Institutions may defer the requirement for visits of compliance officers to newly acquired agents within first quarter of their acquisition, till June 30, 2021. However, compliance officers shall visit all these newly acquired agents within the next quarter ending September 30, 2021.

5.         Please acknowledge receipt.

Yours truly,



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