SBP raises currency transaction reporting threshold for FMU to Rs3m

November 13, 2026 (MLN): The State Bank of Pakistan (SBP) has raised the minimum threshold for reporting currency transactions to the Financial Monitoring Unit (FMU) to Rs3mn from Rs2mn, with immediate effect, following a federal government directive.

The threshold has gone up by Rs1mn from the previous limit set in January 2015.

In a circular issued, the central bank informed banks and other regulated financial institutions of the revised threshold under the Anti-Money Laundering Act, 2010.

The revision follows a Finance Ministry notification dated Nov 11, 2026, issued under the authority of the National Executive Committee on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).

The committee, using its powers under Section 2(xi) of the Anti-Money Laundering Act, notified Rs3mn as the minimum amount for reporting Currency Transaction Reports (CTRs) to the FMU. The notification amends an earlier Finance Division notification, SRO 73(I)/2015, issued on Jan 21, 2015, which had fixed the reporting threshold at Rs2mn.

Under Section 7 of the anti-money laundering law, entities regulated by SBP must file both Suspicious Transaction Reports (STRs) and CTRs with the FMU.

The central bank has directed all banks and financial institutions to ensure compliance with the revised reporting requirements.

Financial institutions must also keep records of domestic and international transactions, including analyses carried out to establish the background and purpose of complex, unusual or large transactions. Records of transactions and of reports filed with the FMU must be retained for at least 10 years from the completion of the transaction.

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