Financial Monitoring unit held an AML/CFT Awareness and Compliance Session for the officials of Exchange Companies on 2nd September 2019. Senior officials from different exchange companies attended the session. Representatives from different departments of State Bank of Pakistan were also invited to attend the session.
During the AML/CFT Awareness and Compliance Session the participants were briefed about the following:
* Feedback on the quality of STRs/CTRs being reported.
* Issues and problems with regards to reporting of STRs/CTRs.
* steps being taken by FMU for overall strengthening of AML/CFT Regime.
* To provide awareness and address the issues of Exchange companies relating to reporting through goAML.
Overall the session proved to be very useful as many issues regarding reporting of STRs/CTRs were discussed and different queries of the Exchange Companies were responded.