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

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

(Khaleeq Kiani) · Dawn Business & FinanceRead original ↗

ISLAMABAD: The government has enhanced the currency transaction threshold by 50pc to Rs3 million for banks to trigger suspicious reports to the Financial Monitoring Unit (FMU) of the State Bank of Pakistan under the Anti-Money Laundering Act (AMLA).

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

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