SBP issues procedure for opening bank accounts of politically exposed persons
KARACHI: State Bank of Pakistan (SBP) has issued procedure for opening bank accounts of Politically Exposed Persons (PEPs) and instructed banks to facilitate such persons without compromising due diligence process under anti-money laundering (AML) and counter financing of terrorism (CFT). The central bank on Wednesday said that in order to ensure fair and equitable treatment […]
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