Page 6 - NIBAF-Training Matters October-December 2020

L N I S T I T U T O E F BANKING AND FINANCE Training Matters!
A
N
O
I
T
A
N
Development, NIBAF. Pertinent to
mention that all COVID SOPs were
followed during the classroom sessions
and outbound activities.

AML & CFT Interventions

The challenge of managing money
laundering risks in a global marketplace
demands a coordinated approach and
a common understanding of evolving
and emerging trends in both regulation
and criminal activity. It is important for
any compliance professional to
recognize, develop and maintain a risk-
based and comprehensive anti-money
laundering/counter terrorist financing framework roles.
to mitigate and prevent the threat.
Given the significance of threats from Money
Recently, NIBAF made significant investments in Laundering for the banking sector and the trends in
resources and technology to create a new worldwide criminal activities, SBP has been issuing
experience for trainees – a blend of instructor-led Guidelines to prevent the possible use of its
face to face classroom experience, self-study regulated entities in illicit activities.
training materials, and virtual discussions with
To ensure, in spirit compliance of Revised
experts from Financial Monitoring Unit (FMU)
Regulations issued by SBP, NIBAF made special
around live scenarios, topical reviews of industry
efforts to design and deliver 2 Day F2F program
events and bite-size videos. All designed to help
on “AML/CFT- Latest Legal & Regulatory
trainees get the most out of the course and take
Developments” in NIBAF-Islamabad on November
away the practical knowledge needed to think
23-24, 2020. To ensure comprehensive coverage
differently and perform better in their professional
of relevant content and allow for sufficient hand-on
practice to the attending
Compliance Professionals,
NIBAF's commercial banking
expert, Mr. Shahid Iqbal along
with an experienced analyst from
the Financial Monitoring Unit
jointly designed and delivered
the session. The training was
designed to blend instructor-led
classroom experience with virtual
discussions.

5