The Presidents/ Chief Executives

All Banks/ DFIs/ MFBs

Dear Sir/Madam,

Guidelines on Compliance of Government of Pakistan’s Notifications issued under United Nations Security Council (UNSC) Resolutions

1. Please refer to the Guidelines on Compliance of Government of Pakistan’s Notifications issued under United Nations Security Council (UNSC) Resolutions, issued vide BPRD Circular No. 03 of 2015 as amended from time to time.
2. In order to further enhance the understanding of Targeted Financial Sanctions regimes for Terrorism Financing and Proliferation Financing, under UNSC Resolutions, and to further align said regimes with the requirements embodied in FATF Recommendations, SBP has decided to update the subject guidelines. The amendments are enclosed as Annexure.
3. The updated guidelines on the subject are enclosed herewith for compliance by all banks/ DFIs/ MFBs.
4. Please acknowledge receipt.