SBP Introduces Updated Exporter Undertaking for Payments Through PSW System
The State Bank of Pakistan has issued new rules requiring exporters to submit an updated Undertaking/Declaration via the Pakistan Single Window system, ensuring accurate reporting, timely remittance, and compliance with foreign exchange regulations.
NIBAF Training Enhances Bankers’ Skills in Trade-Based Money Laundering Compliance
NIBAF Pakistan organized a three-day training program for commercial bank officers on international trade and trade-based money laundering, equipping participants with skills to detect, prevent, and manage TBML risks.