Tag: financial compliance

Pakistan Raises Cash Reporting Threshold To Rs3 MillionAas Regulators Expand Financial Crime Monitoring And Virtual Asset Oversight

Regulatory NextWallet Desk -
Pakistan has raised the mandatory cash transaction reporting threshold from Rs2 million to Rs3 million as part of wider anti-money laundering reforms.

Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25

Regulatory webdesk -
Starting October 25, 2025, the State Bank of Pakistan will block all digital bank accounts and mobile wallets without biometric verification, as part of its new framework to enhance financial security, transparency, and compliance across the country’s banking ecosystem.