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2019-12-30

Discontinuation of Hard Copies of STRs Submitted to FMU

The Financial Monitoring Unit (FMU) has officially transitioned all reporting of Suspicious Transaction Reports (STRs) to the automated goAML system effective January 1, 2020. Consequently, all physical hard copy submissions of STRs, including those utilizing the legacy format from May 14, 2015, are now strictly discontinued. Reporting entities are required to adhere to the attached additional guidelines to ensure mandatory compliance with electronic reporting standards through the goAML platform.

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FINANCIAL MONITORING UNIT (FMU) GOVERNMENT OF PAKISTAN 2ND FLOOR, SBP MAIN BUILDING, I.I. CHUNDRIGAR ROAD, KARACHI 74400

FMU Circular No.2 Dated: 30th December 2019

The Chief Executive Officers / Heads All Reporting Entities

Discontinuation of Hard Copies of STRs Submitted to FMU

We would like to inform that FMU has successfully implemented automated reporting system i.e, goAML w.e.f January 01, 2019 and all the reporting entities have been reporting STRs and CTRs electronically through the goAML application. The hardcopies of CTR reporting have already been discontinued since January 01, 2019.

  1. In order to fully utilize the goAML application and improve the quality of reporting to FMU, it has been decided that effective from January 1, 2020, the reporting of STRs through hardcopies shall be discontinued including reporting of STR on old STR format as notified on May 14th, 2015. The reporting entities would report STRs only electronically in goAML system from January 1, 2020. In this regard, additional guidelines for reporting of STRs/CTRs via goAML are also attached for compliance of STRs/CTRs reporting to FMU via goAML.

  2. The above instructions may be followed meticulously by all the Reporting Entities.

Sd/- (Mansoor H. Siddiqui) Director General

Encl: Additional Guidelines on Reporting of Suspicious Transaction Reports (STRs) via goAML

Copy to: The Governor, State Bank of Pakistan (SBP) The Chairman, Securities and Exchange Commission of Pakistan (SECP)

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