Page 9 - NIBAF-Training Matters October-December 2020
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Oct - Dec 2020
attended by 56 participants from branch financial institutions. The contents included an
operations and cash management units of different elaborate discussion on the background and
financial institutions. The session included an rationale for the Sanctions, appreciation of risks
overview of central banks' responses to COVID-19 associated in transactions with Sanctioned Entities
around the World, discussion on myths and facts on & Jurisdictions, techniques to implement an
the spread of Covid-19 though Bank Notes, SBP's effective compliance program, factors to consider
overall strategy on currency management ,and the in incident management & reporting and holding
different regulatory instructions and guidelines of sanctioned funds.
issued by SBP for cash handling since the onset of
In order to facilitate Bankers to comply with SBP
COVID-19.
trade related AML/CFT regime and restrict
Worldwide Trends in criminal activity and possible misuse of banking channel, an online
Legal/Regulatory response to curb this onset has session on Trade Based Money Laundering was
given rise to various Global Sanctions. In order for conducted by NIBAF Peshawar on Dec 9, 2020.
the bankers to build commitment of compliance to The session was conducted by Mr. Salim Thobani
necessary prohibitions- both International and SVP-Head of ICU& Trade Compliance Unit,
Domestic, a new course was conducted on Meezan Bank Limited. Mr. Thobani has been
“Sanctions - An Expensive Compliance Risk” on Nov actively involved in implementation of SBP
5, 2020 by NIBAF Peshawar Chapter. The course Framework for Managing Risks of Trade Based
was delivered by Mr. Salim Thobani who has Money Laundering and Terrorist Financing in
almost 17 years of banking experience and Meezan Bank. Drawing on his personal experience
currently serving as SVP,-Head of ICU& Trade in the area, Mr. Thobani delivered a
Compliance Unit, Meezan Bank Limited. The course comprehensive session for bankers to bring their
was attended by 26 participants from different practices/operations in line with the regulatory
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