Page 4 - NIBAF-Training Matters July-September 2020

NIBAF | Jul-Sep 2020

Antimoney Laundering & Combating

Financing of Terrorism

Money laundering and terrorist financing are persistent threats for NIBAF responded to the diverse training needs of different play-
our business, and the felons behind these crimes use ever more ers of financial market, by designing the training programs to size
sophisticated methods to move money around the financial system. the precise needs of Commercial Banks, Microfinance Banks,
Therefore, financial institutions are endeavoring hard to fight finan- Non-Banking Financial Institutions and Pakistan Post.
cial crime and frauds. The need to protect assets of the financial These trainings were organized not only at NIBAF Islamabad and
institutions and meet regulatory compliance is growing over time. Karachi but also in all other provincial capitals and major cities of
In this backdrop, regulations governing Anti-Money Laundering the country for convenience of the participating officials and larger
(AML) and Combating Financing of Terrorism (CFT) framework attendance. Seasoned and professional trainers in the subject area
are getting more significance. Globally financial services industry and officers from State Bank and FMU conducted these training
is facing challenge to respond to the increased and an ever-chang- sessions.
ing regulatory AML landscape. Therefore, financial institutions are
required by their regulatory authorities to provide their employees
with an anti-money laundering training on regular basis.

Group photograph of 5 Days TOT program on AML/CFT
conducted for the Master Trainers of Pakistan Post

MD NIBAF visits Postal Staff College Director L&D NIBAF and Director
Training Pakistan posts are also seen in the picture AML CFT Program conducted for the bankers of Multan Region

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