Page 27 - NIBAF-Training Matters January-March 2021
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their institutions internal controls. An online session on at the workplace while also continuing with its
Trade based money laundering (TBML) was special training program for bankers in the remote
conducted on March 26, 2021 by Mr. Salim areas of Balochistan on key areas of non-
Thobani, Head-Trade Compliance and Trade compliance.
Operations, Meezan Bank Limited. His more than 20 SBP issued Internal Audit Guidelines in April-2019
years of extensive hands-on experience in the fields which mandate institutions to devise a
of Trade Finance, Trade Risk and Trade based ML comprehensive plan to adopt ‘Risk Based Internal
in various banks was instrumental for an effective Audit’ approach. In order to support banks in this
online session which was well received by the transition and to build necessary capacity of
participants. The session remained quite interactive relevant teams in banks, NIBAF-Quetta conducted
with key discussion points including overview of SBP an online session “Risk-based internal audit” on Jan
framework for managing Risk of TBML & TF, 20, 2021. Mr. Mohammad Tariq Gondal, Group
Sanction Risk, high risk countries, Tax haven Head/EVP, Internal Audit and Risk Assets Review,
countries, Live Cases for Trade & Compliance, red MCB Islamic who led establishment of Internal Audit
flags indicators , practical prevention and detection Function in MCB Islamic Bank and developed the
techniques and appropriate actions in any case of team, policies procedures to adopt risk based
an indication of TBML risks.
auditing techniques was invited to share his
expertise with the participants. He shared his
experiences with bankers to enable them to
regulatory expectations for a strong, independent
and effective Internal Audit Function in their
financial institutions. With the growing IT risks,
comprehensive six-hour virtual session was also
conducted on “IT/IS Audit” on March 11-12, 2021
covering Risk Assessment and Planning for IS/IT
Audit, Audit & Control Frameworks and Standards,
Business Continuity and Disaster Recovery, Network
Technology and Controls, IT Governance, Business
Application Controls, Mobile Application Security
Audit, and end user computing risks and controls.
SBP, in coordination with SECP, has been working
towards establishing the necessary regulatory
infrastructure to enable financial institutions to deal
with their problem assets and facilitate recoveries.
To that effect, Financial Institutions (Recovery of
Finances) Ordinance, 2001 and the FIRO Rules,
2018 have been promulgated. Mr. Rizwan Ahmed
NIBAF-Quetta Naqshbandi who is currently leading the Law
Division of Banking Policy and Regulations
NIBAF- Quetta campus conducted a rich mix of Department, SBP was invited to explain the
trainings in the third quarter of FY21 which focused foreclosure process provided for in the law and
on emerging risk areas for financial institutions and explain the process for non-judicial foreclosure,
the evolving regulatory framework as well as dealing with cases of willful default and procedure
trainings focusing on promoting employee integrity for sale of mortgaged property by financial
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