Page 11 - NIBAF-Training Matters April - June 2022

After last year’s change of regime in
Afghanistan, its central bank Da
Afgha nistan Bank, had to play a
crucial role to maintain the banking
and financial system of
Afghanistan. Hence, there was an
imminent need for training courses
focused on the practical aspects of
central banking on a strategic and
operational level. Therefore, on the
exclusive request of DAB, NIBAF
chalked out a comprehensive plan
for the training of Afghan central
bankers, and the following two
programs were conducted at
NIBAF Islamabad during the
preceding quarter:

Five-day program on Trade Based
Money Laundering and AML/CFT
Compliance for Non-Banking
Financial Institutions conducted
from May 16-20, 2022.

Three-day Succession Planning
and Career Development program
conducted from June 6-7, 2022. conducted the program from June banking sector, cryptocurrencies
8-10, 2022 at Islamabad campus and SBP’s stance in the matter. A
for District /Additional District & dedicated session on the Foreign
Sessions Judges from Islamabad Exchange Regime was also
Judicial Service. The SBP team included with detailed discussion
shared insights on legal and on important provisions of Foreign
regulatory framework for the Exchange Regulations Act, 1947
recovery of advances, Private and SBP’s Foreign Exchange
Credit Bureaus, electronic Credit Manual. On last day of the training
NIBAF designed a three-day Information Bureau, overview of program, Mr. Justice(R) Sarmad
training program for District and SBP’s AML/CFT regulations, and Osmany-Chief Legal Advisor, SBP
Banking Court Judges to familiarize role of SBP and Banking Mohtasib interacted with the participants to
them with the legal & regulatory in customer complaint handling highlight issues and challenges
framework of SBP-regulated and dispute resolution. Detailed faced by judiciary and commercial
entities. Teams from Banking sessions were also conducted on banks related to litigation of
Policy and Regulations Department recent technological innovations in different banking matters.
(BPRD) and Legal Services payment systems, key initiatives of
Department (LSD) of SBP SBP to promote digitization in the