Page 24 - NIBAF-Training Matters April - June 2022

role of Internal Audit in achieving Capacity Building Program
Organizational Objectives, for Officers of SBP-BSC
introduction to international
professional framework of IIA, and Authorized Dealers
Purpose, Authority and dealing with Foreign
Responsibility, Quality Assurance Exchange Operations
and Improvement Program and
managing the internal audit activity. This Program, conducted on June
The program was conducted in an 13, 2022 was aimed to develop case studies and regulator
interactive manner where insights about the “Regulations perspective. The officers from
participants from different banks governing Imports and Exports Foreign Exchange Operations
discussed on latest changes and Operations” including SBP Department, SBPBSC and bankers
audit related issues in details. In the guidelines to mitigate “Trade overseeing/managing the trade
end, detailed Q&A was conducted Based Money Laundering (TBML)”. operations participated in the
that was also actively responded by The training consisted of program.
the trainer. discussion on practical issues,

NIBAF Quetta

NIBAF-Quetta campus conducted
F2F trainings for priority sector and
remote areas of Balochistan as well Two-day training for Agri-
as online trainings on diverse Finance officers of
topics for financial institutions. Balochistan
F2F Trainings for remote SBP in collaboration with NIBAF
areas of Balochistan conducted a two-day training
program on Agriculture Finance for
NBAF-Quetta successfully Agri-finance officers working in
conducted the second series of Balochistan from June 23-24, 2022
Face-to-Face trainings for remote in Quetta. The program was from Quetta as well as remote
areas of Balochistan in June-2022. conducted with multiple speakers areas of Balochistan attended the
In the second phase, four trainings from HBL, Bank Islami, HBL training.
on Legal and Regulatory Microfinance Program, Punjab
requirements of Account Opening Land Records Authority, Board of Online sessions for
and AML/CFT Risk Management Revenue-Balochistan and Financial Institutions on
were conducted at Loralai, Zhob Agricultural Credit and diverse topics
and Chaman from June 10-16, Microfinance Department-SBP.
2022. Mr. Naveed Elahi Malik, Ex- The topics discussed included Ethical issues have frequently
Compliance Head, Sindh bank and Agriculture Finance in the surfaced in Bancassurance Sales
Ex-NAB official with almost 45 years perspective of Balochistan, issues with the sales team providing
of experience in branch operations & challenges for agri-financing in incomplete information to their
conducted these sessions. Key Balochistan, agri-credit under customers. In order to counter this
areas discussed during the conventional and Islamic modes, phenomenon, Banking Conduct
sessions included clarification of financing procedure and and Consumer Protection
Department of SBP has issued
key terms, SBP Regulations, documentation, microfinance instructions for sale of third party
Customer risk profiling and best products and services for financial products. Accordingly, a
practices of banks.
agriculture, Land Documents and two-day online session on
Record Management Bancassurance and Compliance
Information System, for Sale of Third Party Financial
Agriculture Finance Products was held on April 13-14,
Insurance/Guarantee 2022 for capacity building of banks
Schemes and sales teams. Mr. Muhammad
Imran, Additional Director, BSD-1
Innovative Agriculture shared banks’ compliance issues,
Financing and their responsibility while
Refinancing Schemes. conducting suitability analysis for
Forty-three participants