Pakistan Raises Currency Transaction Reporting Threshold to Rs3 Million

On 28 October, Pakistan’s National Executive Committee on Anti-Money Laundering and Countering Financing of Terrorism approved an increase in the currency transaction reporting threshold from Rs2 million to Rs3 million, representing a 50% revision. The decision updates the reporting framework used by banks and other relevant institutions to identify and monitor cash transactions under anti-money laundering requirements. Financial institutions and compliance advisers can explore opportunities in transaction monitoring, regulatory reporting and secure data management. HPC can support compliance analytics and reporting infrastructure; contact HPC for a quotation based on your requirements.

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