In accordance with Article 23 (1) of AML/CFT Act, 2016, the reporting entities defined in Article 4 (1), (Financial Institutions, such as Banks and Money Transfer Businesses (Hawaalas)) should file a nil report to the Financial Reporting Center (FRC) to meet the reporting obligations under Article 14 of AML/CFT Act, 2016. The table below illustrates the reported NRs during the stated reporting period.

and those who fail to comply with the law will face consequences. The members and institutions involved in these matters should work together closely and avoid any actions that could create a gap between them. 3/3