Govt lifts currency transaction report threshold to Rs3m
The National Executive Committee, chaired by Finance Minister Muhammad Aurangzeb, approved a 50 percent rise in the cash reporting limit for banks under the AML law.
The currency transaction report threshold for banks rises 50 percent from Rs2 million to Rs3 million.
CTRs go to the Financial Monitoring Unit of the State Bank under the Anti-Money Laundering Act.
The National Executive Committee on AML-CFT, led by Finance Minister Muhammad Aurangzeb, approved the change.
Maritime piracy was added as a predicate offence under the AMLA via the Maritime Zones Act.
The Pakistan Virtual Assets Regulatory Authority was brought under AMLA Schedule IV for crypto oversight.