Guidelines for the Reporting Entities on filing of Suspicious Transaction Reports

FINANCIAL MONITORING UNIT (FMU)
GOVERNMENT OF PAKISTAN
2ND FLOOR, SBP MAIN BUILDING, I.I. CHUNDRIGAR ROAD, KARACHI 4400

FMU-Circular No. 02 of 2020
May 05, 2020

The Presidents/ Chief Executives,
All Reporting Entities

Dear Sirs/Madams,

Guidelines on filing of Suspicious Transaction Reports for the Reporting Entities

In terms of Section 7 of Anti-Money Laundering Act, 2010, Financial Monitoring Unit (FMU) prescribes the manners for filing of Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) for the reporting entities.

2. In this context, 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.

3. In order to streamline the process of reporting and to improve the quality of STR reporting on goAML, detailed guidelines are being issued to the reporting entities, which are attached as “Guidelines for the Reporting Entities on filing of Suspicious Transaction Reports”.

4. The compliance of these guidelines must be ensured by all the reporting entities.

Encl: Guidelines for the Reporting Entities on filing of Suspicious Transaction Reports

Yours truly,
Sd/-
(Sumera Baloch)
Additional Director

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