KARACHI: Following the directives of the federal government, the State Bank of Pakistan (SBP) on Thursday increased the minimum threshold for reporting Currency Transaction Reports (CTR) to the Financial Monitoring Unit (FMU) of SBP to Rs3 million with immediate effect under the Anti-Money Laundering Act, 2010.
SBP Regulated Entities (REs) are required to file Suspicious Transaction (STR) and Currency Transaction Reports (CTR) with Financial Monitoring Unit under Section 7 of the e Anti-Money Laundering Act 2010.
The threshold was previously set at Rs2 million in January 2015. It has now been increased by Rs1 million to Rs3 million for reporting CTRs to the FMU.
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In a circular letter issued by the SBP, it has informed banks and other relevant institutions about the revised threshold in accordance with the Ministry of Finance notification No. 3(40) AML/2025-P-002-0001 dated November 11, 2026.
“The CTR threshold has been increased to Rs3 million as the minimum amount for reporting CTR to the FMU with immediate effect,” the SBP said.
According to the notification issued by the Minister of Finance, the National Executive Committee on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), exercising its powers under Section 2(xi) of the Anti-Money Laundering Act, 2010, has notified Rs3 million as the minimum amount for reporting CTRs to the FMU.
The notification modifies the Finance Division’s earlier SRO 73(I)/2015 dated January 21, 2015, which prescribed the previous reporting threshold of Rs2 million.
The SBP has directed the all banks and financial institutions to ensure compliance with the requirements outlined in the latest notification.
It may be mentioned here that, SBP Regulated Entities shall maintain all necessary records of transactions, both domestic and international, including the results of any analysis undertaken (e.g. inquiries to establish the background and purpose of complex, unusual large transactions) and will also keep and maintain all record related to STRs and CTRs filed by it for a minimum period of ten years from completion of the transaction.
Copyright Business Recorder, 2026
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