RegAlert2025-08-12 | EPD Circular Letter No. 08 of 2025Added · Updated
Revision in Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing
Authorized Dealers (ADs) in Foreign Exchange must update their policies, processes, and systems to comply with the newly issued "Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing". This revised framework supersedes the one issued on October 14, 2019. ADs are required to ensure meticulous compliance by October 31, 2025, as failure to adhere to these instructions may result in enforcement action under relevant laws.
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EPD Circular Letter No. 08
Revision in Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing
August 12, 2025
548
The President / Chief Executives All Authorized Dealers in Foreign Exchange
Dear Sir/Madams,
Revision in Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing
Attention of Authorized Dealers (ADs) is invited towards the “Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing” issued on October 14, 2019 vide FE Circular No. 4 of 2019.
With a view to further strengthen the effectiveness of the framework and align it with the evolving business requirements and emerging risks, it has been decided to issue the revised Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing, which is attached herewith.
ADs are advised to update their policies, processes and systems in accordance with the requirements of the revised framework to ensure meticulous compliance by October 31, 2025.
Failure to comply with these instructions may attract enforcement action against the delinquent ADs under the relevant law(s).
Enclosed:
Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing
Yours sincerely,
Dr. Asif Ali Director
Home — Circulars — EPD Circular Letter No. 08
Revision in Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing
August 12, 2025
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Lineage: In force
Source: State Bank of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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