ATTENTION GENERAL PUBLIC BEWARE OF ILLEGAL FX OPERATORS
Unauthorized sale, purchase and transfer of foreign currency is illegal
Sale, purchase and transfer of foreign currency through Hawala / Hundi operators is illegal
قومی ذمہ داری کا ثبوت دیں۔ حوالہ / ہنڈی سے انکار کریں .حوالہ / ” اہل سزا جرم ہے۔ محفوظ رہیں
Customers may unknowingly become part of money laundering and terrorism financing offence by dealing with illegal foreign exchange operators. The money laundering and terrorism financing offences are punishable under Anti-Money Laundering (AML) Act, 2010 and Anti-Terrorism Act (ATA), 1997. The business of foreign exchange in Pakistan is regulated under Foreign Exchange Regulations Act (FERA) 1947. The State Bank of Pakistan issues authorization to Banks and Exchange Companies to conduct foreign exchange business.
It is advised in your self-interest to carry foreign currency sale, purchase and remittance transactions with State Bank’s authorized banks and exchange companies only. Customers should collect system generated official receipt of their transactions. Extensive action against illegal Currency Exchange and Hawala/Hundi Operators is being carried out by relevant law enforcement agencies.