Page 22 - NIBAF-Training Matters Oct-December 2021

Dec 07, 2021 and was conducted
by Mr. Shahid Iqbal, Subject Certificates Programs
Specialist, NIBAF. Participants from
various commercial banks
attended this program. Participants
took keen interest and raised Advance Professional  Regulatory Regime & Legal
different questions during the Certification in AML/CFT Requirements to Meet
training that were sufficiently (APCC AML-2) International Standards
addressed by the trainer.  Basic Concepts and
NIBAF has steadily been working Typologies of Money
towards offering Certificate courses Laundering
Trainings focusing on focusing on topics of regulatory  SBP Regulation & Compliance
Priority Sector Financing compliance and branch Requirements for Financial
were conducted for operations. The Certification Institutions
Role of Financial Monitoring
different stakeholders program is a rich composition of  Unit (FMU), Reporting
modules conducted by a panel of Requirements for FIs, Data
trainers followed by participant’s Analysis and Processing of
Within the realm of priority sector knowledge assessment. suspicious data
financing, trainings were NIBAF’s recent initiative in this  Legal framework for Digital
conducted on Agri Value Chain regard has been the Advance Currencies and Assets in
Financing, various iterations for Professional Certification in Pakistan, and associated risks
Speeding-up the adoption Land AML/CFT (APCC AML-2) which is a of Money Laundering and TF
Records Management combination of eight modules  Trade Based Money
Information Systems (LRMIS) by delivered by high profile trainers Laundering (TBML) and
experienced trainers from Punjab from SBP, FMU, NACTA, NAB, FIA Money Laundering through
Land Revenue Authority, and and Commercial Banks over a five- correspondent banking
Entrepreneurship Skill day period.  Role and Function of FIA’s
Development & SBP Schemes at Second iteration of this certificate AML/CFT cell and its
FC College Lahore. program was held in NIBAF Lahore investigation process
from Oct 11-15, 2021 covering all  Role and Function of NAB’s
the following: AML/CFT cell and its
investigation process.

Since this was the first iteration of
the program conducted in Lahore,
it received an overwhelming
response with 27 participants from
different banks successfully
completing the program.

Islamic Banking Certificate
Course (IBCC-50)

th
The 50 iteration of NIBAF’s
flagship program i.e. Islamic
Banking Certificate Course (IBCC-
50) was conducted in Lahore from
Nov 15- Dec 7, 2021 and
successfully completed by 14
participants from different banks.