Explain the following Prudential regulations in detail with respect to commercial banking in Pakistan PR for Corporate/Commercial

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Explain the following Prudential regulations in detail with respect to commercial banking in Pakistan

PR for Corporate/Commercial Banking (Contd.) CDD AND ANTI MONEY LAUNDERING (M) Regulation M-1 Customer Due Diligence (CDD). Regulation M-2 Anti-money laundering measures. Regulation M-3 Record retention. Regulation M-4 Correspondent banking. Regulation M-5 Suspicious transactions. OPERATIONS (O) Regulation O-1 Undertaking of cash payments outside the bank's authorized place of business. Regulation O-2 Window dressing. Regulation O-3 Reconciliation of inter-branch accounts and settlement of suspense account entries. Regulation O-4 Maintenance of assets in Pakistan. Regulation O-5 Foreign currency deposits under FE 25-1998 9

Posted Date: Jun 21, 2024 07:11 PM

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Explain the following Prudential regulations in detail with respect to commercial banking in Pakistan PR for Corporate/Commercial

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