Page 28 - NIBAF-Training Matters January - March 2022

NIBAF Peshawar

NIBAF Peshawar chapter caters to
the training requirements of the
banking community specially in the
Khyber Pakhtunkhwa, while also
reaching out across the country
through its online training pro-
grams.

Money Laundering
Dynamics and Modern International Financial
Paradigm of AML/KYC banks and the national economy as Reporting Standard – 9
Regime a whole. It also covered the latest (IFRS-9)
Money Laundering scenarios,
NIBAF Peshawar conducted an amendments in laws, regulatory in- NIBAF Peshawar organized an-
online training session on ‘Money structions, and their potential impli- other online training session on In-
Laundering Dynamics and Modern cations for financial institutions. The ternational Financial Reporting
Paradigm of AML/KYC Regime’ on program was conducted by Mr. Standards–9 (IFRS-9) on March 11,
Feb 18, 2022. The program was de- Wasimullah, SVP & Wing Head Au- 2022. The program was conducted
signed specifically to better equip dit at National Bank of Pakistan and by Mr. Wasimullah -SVP & Wing
participants to deal with challenges was attended by a number of pro- Head Audit at National Bank of Pa-
arising from legal & regulatory re- fessionals from different financial kistan and was attended by rele-
quirements and risks arising from institutions. vant professionals from different
money laundering for individual functions of various financial institu-
tions. The program was designed
specifically to enhance the under-
standing of the participants regard-
ing the implementation of IFRS-9,
its modalities, challenges arising
from various requirements and po-
tential risks and implications for fi-
nancial institutions. A highly inter-
active Q&A session addressed the
various conceptual questions from
the participants at the conclusion of
the training.