Pakistan Reviews AML-CFT Framework, Approves Key Regulatory Changes

Pakistan approves changes to anti-money laundering rules - Profit by ...

Aurangzeb for ensuring effective implementation of AML-CFT framework

ISLAMABAD - The National Executive Committee (NEC) on Anti-Money Laundering and Countering the Financing of Terrorism (AML-CFT) has approved the proposed revision to the thresholds for Currency Transaction Reports (CTRs) under the framework for analysing Suspicious Transaction Reports (STRs) and CTRs.

Govt raises threshold for currency transaction reports to Rs3m as anti-money laundering framework reviewed

Aurangzeb-led committee approves 50pc increase in threshold for banks to trigger currency transaction reports (CTRs) to SBP; PVARA given powers under Anti-Money Laundering Act.

Pakistan AML-CFT Committee Approves New Currency Reporting Thresholds, Regulatory Inclusions

The National Executive Committee also approved adding a provision of the Pakistan Maritime Zones Act and the Pakistan Virtual Assets Regulatory Authority to schedules under the Anti-Money Laundering Act.

Pakistan reviews AML-CFT framework, approves key regulatory changes

Finance Minister Muhammad Aurangzeb on Tuesday chaired the 19th meeting of the National Executive Committee (NEC) on Anti-Money Laundering and Countering the Financing of Terrorism (AML-CFT), approving key regulatory changes aimed at strengthening Pakistan’s financial monitoring and oversight framework. According to a Finance Division press release, the meeting reviewed progress on decisions taken at the previous NEC meeting, the performance of …

Pakistan raises cash transaction reporting threshold for banks – Check new limit - Pakistan Observer

ISLAMABAD – Pakistan has announced an increase in the threshold for reporting cash transactions conducted through banks from Rs2 million to Rs3 million.