Page 23 - NIBAF-Training Matters January - March 2022

NIBAF Lahore

Over the quarter, NIBAF-Lahore
conducted trainings for Financial
Institutions (FIs) in areas related to
regulatory compliance, branch op-
erations and developments under
SBP initiatives for Digitization of
Payment Systems. As NIBAF-La-
hore is also catering to the training
needs of SBP BSC, besides the ex-
clusive programs for SBP BSC of-
fices, trainings were also con-
ducted for joint audience of SBP
BSC and FIs. The campus further
facilitated conduct of the exam for Protection Department, SBP con- Basic Concepts and Typologies of
Certification on AAOIFI's Shariah ducted the session in a very inter- Money Laundering, SBP Regula-
Standards (CASS). active manner with participants tion & Compliance Requirements
sharing suggestions for improving for Financial Institutions, Terrorist
Trainings to promote quality data quality and templates. Financing and Financing of Prolifer-
of regulatory reporting ation, Role of Financial Monitoring
Fifth iteration of the Unit and Reporting Requirements,
Quality of Data collected through Certification in AML/CFT Role and functions of FATF Secre-
the Credit Information Bureau tariat Pakistan and reporting re-
holds utmost importance due to its The Advance Professional Certifi- quirements, Trade Based Money
crucial role in credit assessment by cation in AML/CFT by NIBAF has Laundering (TBML) and Money
FIs, in order for them to make in- become a widely acclaimed certifi- Laundering through correspondent
formed and timely lending deci- cation by the banking fraternity, banking, Role of National Counter
sions. Given the significance of this and hence various iterations to be Terrorism Authority in Combating
data, many iterations of the pro- held at different cities are an- the Financing of Terrorism, Role
gram ECIB & Private Credit Bu- nounced by NIBAF. Fifth iteration of and Function of NAB’s AML/CFT
reaus -Compliance of Regulatory this certification course was held at cell and its investigation process
Requirements have been con- NIBAF Lahore from Feb 7-11, 2022 was explained through case stud-
ducted by NIBAF-Lahore. First iter- and attended by 31 participants ies.
ation of the preceding quarter was from different FIs. A rich mix of ex-
conducted on January 25, 2022. perienced trainers from SBP, New training program for
Mr. Sajid Khan-Joint Director, NACTA, NAB, FATF Secretariat, Branch Managers
Banking Conduct and Consumer FMU and Commercial Banks
shared their expertise in relevant ar-
eas with the The new training program ‘How to
participants. be an Effective Branch Manager
The course Operations?’ , which was finalized
content of the after incorporating feedback of dif-
certification is ferent banks aims to enhance skill-
such that it set of existing Branch Operation
gives 360 0 Managers while also developing
coverage to necessary skillset in aspiring BMs.
all aspects of First iteration of the program was
money laun- launched by NIBAF Lahore campus
dering, with on Feb 25, 2022 and attended by
detailed dis- 21 participants. Mr. Waqas
cussion on