Page 24 - NIBAF-Training Matters January - March 2022

Hassan Azwar, AD, Payment Sys-
tems Policy & Oversight Depart-
ment, SBP covered latest develop-
ments and future of this emerging
area in a very effective manner.
Topics covered included overview
of bitcoin protocol & consensus,
economics of the bitcoin, how cryp-
tocurrencies are created/trans-
acted/stored, pitfalls and chal-
lenges of adopting a digital cur-
rency, bitcoin in real life: wallets,
mining, and more, where block
chain and cryptocurrency is going
and who is driving the innovation
and recent developments in Paki-
stan. The participants were very en-
thusiastic and eager to discuss lat-
Mahmood conducted the session Mr. Waleed Khan, Director-Risk Ad- est developments in the area and
effectively by utilizing multiple train- visory, Crowe Pakistan with over 20 appreciated offering of this topic by
ing methodologies including visual years of experience in Risk Man- NIBAF.
aids, exercises and activities. The agement, Business Process Re-en-
training primarily covered roles & gineering, Internal Audit, Forensics, RAAST/Micro Payment
responsibilities of BOMs, chal- and Anti Money Laundering con- Gateway
lenges faced by them in day-to-day ducted the program. The pro-
affairs, and tips and techniques to grams covered introduction and An online session on RAAST/Micro
meet the challenges to work as ef- overview of bank frauds, identifica- Payment Gateway was conducted
fective Branch Manager Opera- tion of high fraud risk areas, fraud on March 22 by Syed Muhammad
tions. prevention procedures and con- Taha, Joint Director, DI&SD, SBP
trols, integrating anti-fraud thinking, and was attended by 40 partici-
One-day training by dealing with staff resistance and pants from banks and SBP-BSC of-
Director-Risk Advisory, practical case discussions. fices. This combination of partici-
Crowe Pakistan pants added value to the learning
Frauds constitute an important op- Training for Capacity environment as participants raised
erational risk for FIs. In order for Building in Digital various interesting questions re-
bankers to be vigilant of high fraud Financial Services garding issues during implementa-
risk areas and be aware of fraud tion of Raast which were all dis-
prevention procedures and con- cussed in detail by the trainer. The
trols, one day F2F training on An online session on Regulatory trainer mainly covered following ar-
Fraud Prevention, Detection & Framework for Block Chain and eas including Financial Markets In-
Deterrence was conducted at NI- Crypto Currencies was held on frastructures & Categories of FMIs,
BAF-Lahore on March 15, 2022. March 30, 2022 for bankers. Mr. Retail Payment System vs Large-