Thursday, 28 February 2013 01:03
KARACHI: State Bank of Pakistan (SBP) has issued guidelines for authorised dealers in foreign exchange regarding operations of private foreign currency accounts.
SBP, in a circular issued here on Wednesday, advised the dealers to strictly observe the following conditions.
a) All applicable SBP instructions including Prudential Regulations regarding AML/ KYC should be strictly followed.
(b) As already advised in Para 1(iii), Chapter VI of FEM, the Corporate Bodies/ Legal entities cannot generate funds from the kerb market for ...