Anti-money laundering directive: transaction exceeding 25 lakh have to be reported 8063 8428 PakRealEstateTimes.Com

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Anti-money laundering directive: transaction exceeding 25 lakh have to be reported

10-13-2009, 05:03 AM

Post: #1

Naveed Yaseen
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Anti-money laundering directive: transaction exceeding 25 lakh have to be reported

KARACHI: The Securities and Exchange Commission has said that any transaction exceeding Rs2.5 million has to be reported as Currency Transaction Report to the Financial Monitoring Unit. According to a circular sent to all stock exchanges including modaraba companies and NBFCs, investment banks and leasing companies on Monday, the commission said the ministry of finance has issued these directives on the instructions of the National Executive Committee as anti-money laundering measures.

http://www.thenews.com.pk/daily_detail.asp?id=202887

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Anti-money laundering directive: transaction exceeding 25 lakh have to be reported - Naveed Yaseen - 10-13-2009 05:03 AM

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