The Presidents/ Chief Executives

All SBP Regulated Entities (REs)

Dear Sir/Madam,

AML/CFT/CPF Regulations - Frequently Asked Questions (FAQs) on Targeted Financial Sanctions (TFS) Obligations

1. Please refer to the Regulation-4 of SBP’s Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing (AML/ CFT/ CPF) Regulations and Guidelines on Targeted Financial Sanctions (TFS) under United Nations Security Council (UNSC) Resolutions.
2. In order to further enhance the understanding of TFS regimes related to terrorism financing and proliferation financing, SBP has developed Frequently Asked Questions (FAQs) on TFS Obligations, which are attached herewith.
3. The FAQs do not constitute legal advice or have any legal merit on the subject. In the event of any inconsistency between these FAQs and any laws, rules or regulations the provisions of such laws, rules or regulations shall prevail.
4. Please acknowledge receipt.