Page 25 - NIBAF-Training Matters Oct-December 2021

NIBAF-Quetta conducted three
online programs in the Quarter Oct-
Dec 2021: two programs were
conducted for the country-wide
audience while one program was
conducted for the remote areas of
Baluchistan. Although the use of
Alternate Delivery Channels is
expanding over period, cheques
continue to be a major payment
instrument specially in remote
areas with IT/infrastructural issues.
trade operations, FX-related
Detection and Prevention of regulatory reporting and the Basel III Liquidity Standards
Cheque Frauds regulatory regime for exchange
companies. The session The global financial crisis of
One-day online program on
Detection and Prevention of conducted on Nov 12, 2021 2007-08 spurred formalization of
Cheque Frauds was conducted on focused on capital account banks’ risk management leading
Oct 10, 2021 for the remote areas controls covering SBP regulations regulators around the world
of Balochistan by Mr. Naveed Elahi related to Foreign Currency Loans, towards adopting multiple
Malik. Mr. Malik is an Ex-NAB Foreign Investments and requirements to maintain bank’s
official who has also served in the Repatriation & Operation of Non- financial stability. SBP issued the
banking industry in diverse areas Resident Accounts. The session Basel III Liquidity framework in
including Audit and inspection, was conducted by Mr. Abid Nazir 2016 prescribing two minimum
Quality Assurance, Customer who has been working as Joint standards LCR and the NSFR
Complaints and Problem Director in the Exchange policy broadly in-line with the most topical
Resolution, Internal Control, Department of SBP since the last global accord in the area i.e. the
Compliance and Fraud Risk six years. Besides being the focal Basel Accord. Mr. Muhammad
Management. Mr. Naveed shared person at SBP to deal with Uzair Ashfaq who has working in
his expertise gained over an investment related cases of banks, the Basel Implementation Division
extensive career of almost 45 years he is also responsible for of SBP for the last 8 years and has
with the participants giving an presenting & sharing policy stance played a key role in developing the
overview of financial frauds, of SBP on various cases under FX framework conducted the session
cheque frauds, cheque/signature Investment Policy with Federal on Basel III Liquidity Standards
verification techniques, scenarios Govt/Board of Investment, on Dec 9, 2021. It was a very
of cheque frauds and audio-visual represents SBP in bilateral / interactive session lead by
aids to explain suspicious behavior multilateral investment t reaties and participant queries with respect to
of fraudsters. The session was assists Law Enforcement Agencies definition and calculations of LCR.
attended by participants from in their FX/foreign investments The session was very well received
different areas of Balochistan related financial investigations. He by the industry with participation of
including Noshki, Muslim Bagh, further brings with him commercial thirty-six professionals from twenty-
Zhob, Loralai, Pishin and Gwadar. banking experience of almost 15 three banks.
years. Mr. Abid conducted an
Foreign Currency Loans, interactive session attending to
Foreign Investments and all participant queries especially
Repatriation & Operation of on repatriation of investments.
Non-Resident Accounts The session was attended by
local banks as well as foreign
banks operating in Pakistan.
NIBAF offers a wide range of
training programs on Foreign
Exchange Regulations related to