Red Flags Indicators for Proliferation Financing

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

FMU-Circular No.10 of 2020 October 08, 2020

All Reporting Entities

Dear Sirs/Madams,

Red Flags Indicators for Proliferation Financing

In terms of Section 7 (1) of Anti-Money Laundering Act, 2010, the reporting entities are required to promptly report Suspicious Transactions Reports (STRs) to Financial Monitoring Unit for potential Money Laundering (ML) / Terrorism Financing (TF) / Proliferation Financing (PF) related activities.

2. In order to identify a suspicion that could be indicative of Proliferation Financing FMU has prepared the red flags indicators that are specially intended as an aid for the reporting entities, which are attached as “Red Flags Indicators For Proliferation Financing”.

3. These red flags may appear suspicious on their own; however, it may be considered that a single red flag would not be a clear indicator of potential Proliferation Financing activity. However, a combination of these red flags, in addition to analysis of overall financial activity and client profile may indicate a potential Proliferation Financing activity.

Encl: Red Flags Indicators For Proliferation Financing

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

Copy to:
The Governor, State Bank of Pakistan
The Chairman, Securities and Exchange Commission of Pakistan The Chairman, Federal Board of Revenue The President, ICAP The President, ICMAP The Director General, National Savings