The Presidents/Chief Executives,
All Banks/DFIs

Dear Sir/Madam,

Anti-money Laundering/Combating Financing of Terrorism (AML/CFT) Regulations

Please refer to Note: 4 of Annexure-I to the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations which requires banks/DFIs to take reasonable measures to obtain copies of renewed CNICs, which expire during the course of banking relationship.

2. With a view to facilitate the customers and regularize existing accounts, banks/DFIs are also permitted to utilize NADRA Verisys reports of renewed CNICs. The Verisys copy shall be retained on record in lieu of valid copy of CNIC required under subject regulations. However, obtaining copy of renewed CNIC as per existing instructions will continue to be permissible.
3. The above is permitted for existing accounts with expired CNICs. All new accounts shall, however, be opened in compliance with relevant instructions in force.
4. All other instructions on the subject will remain unchanged.
5. Please acknowledge receipt.