The Presidents/ Chief Executive

All SBP Regulated Entities (REs)

Dear Sir/Madam,

Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing (AML/CFT/CPF) Regulations

1. Please refer to BPRD Circular No. 05 of 2020 dated September 30, 2020 on the captioned subject.
2. With a view to further align AML/CFT/CPF Regulations with the Financial Action Task Force (FATF) Recommendations, SBP has decided to amend some provisions of the Regulations. These amendments will provide further clarity on implementation of AML/CFT/CPF requirements by SBP REs.
3. Please acknowledge receipt