SBP raises currency transaction reporting threshold for FMU to Rs3m

The State Bank of Pakistan has increased the minimum currency transaction amount that banks and other regulated financial institutions must report to the Financial Monitoring Unit, from Rs2mn to Rs3mn. Mettis Global reported that the change took effect immediately after a federal government directive, raising the limit by Rs1mn from the level established in January 2015.

The revised threshold was communicated through an SBP circular under the Anti-Money Laundering Act, 2010, following a Finance Ministry notification dated Nov 11, 2026. Regulated entities must continue filing both Suspicious Transaction Reports and Currency Transaction Reports with the FMU, while retaining transaction records and filed reports for at least 10 years after a transaction is completed. The record-keeping requirement also covers analyses of the background and purpose of complex, unusual or large transactions.