Regulatory Alerts2025-07-25 | BPRD Circular No. 01Consolidated Customer Onboarding Framework
The State Bank of Pakistan’s Banking Policy & Regulations Department has issued a consolidated framework to streamline customer onboarding and account opening processes for regulated entities. The document unifies existing AML/CFT/CPF instructions into a single set of information and documentary requirements applicable to various customer types, accounts, and wallets. Regulated entities must implement the updated guidelines and corresponding amendments within three months of the circular’s issuance.
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