The Federal Board of Revenue has expanded the scope of Pakistan’s anti-money laundering framework through SRO 1439(I)/2026. The regulations now replace the narrower term “Jewellers” with “Dealers in Precious Metals and Dealers in Precious Stones (DPMS)”, bringing a wider range of businesses dealing in jewellery, bullion, gold, platinum, diamonds, precious stones and pearls within the DNFBP compliance framework.
A particularly important change concerns cash transactions of Rs. 2 million or more. Dealers undertaking such high-value cash transactions may now fall squarely within the enhanced AML compliance regime, meaning greater emphasis on customer due diligence, transaction records and responsiveness to information requests from FBR, law-enforcement agencies and the Financial Monitoring Unit. The definition of real estate agents has also been widened to more clearly cover builders, developers, brokers, dealers and title-transferring authorities involved in property transactions.
The amendments also strengthen record-retention obligations. Where customer or transaction records become relevant to litigation, DNFBPs may be required to preserve them until the proceedings conclude or the competent authority confirms that further retention is unnecessary. For businesses operating in jewellery, bullion, precious stones and real estate, AML compliance is therefore increasingly becoming an integral part of routine business documentation rather than merely a financial-sector concern.