Page 46 - NIBAF-Training Matters July - December 2022

usage of Pakistan Customs’ data,
issues in processing of claims and
discrepancies in data and
documentation. Mr. Ali also
discussed risks area in subsidy
schemes and relevant controls for
banks and further stressed the
penalties for contravention of
relevant instruction issued by the
Government and SBP. It was a very from Foreign Exchange Operations
irregularities are observed in the interactive session with many and Foreign Exchange
claims submitted by the banks to queries from the participants which Adjudication units of SBP BSC-
relevant BSC offices, an online Mr. Ali addresses in detail. The Quetta while 14 participants from
session was conducted on Nov 3, session was attended by forty-nine Authorized Dealers attended the
2022 for capacity building of participants from fifteen banks. session. Mr. M Akram Zaki, Senior
relevant teams of banks. Syed Ali, Joint Director, FEOD, SBP BSC
Assistant Director, FEOD Capacity building for delivered the session and
conducted the session starting the Foreign Exchange Officers discussed key provision of FERA,
discussion with an overview of Duty SBP Powers under FERA,
Drawback (DLTL) & Subsidy of Banks and BSC-Quetta Regulations under FEM, Trade
Schemes by GoP, active DLTL documentation, key trade issues in
schemes, natures of claims and Two-day Face-to-Face trainings Balochistan, Trade with
process-flows for submission by was conducted at NIBAF-Quetta Afghanistan, Commercial
ADs, use of SBP’s RAS Portal for from Nov 7-8, 2022. Eighteen Remittances, Mercantile Trade,
claims under latest schemes, participants including 4 officers Trade-based Money Laundering;

Face-to-Face Trainings for Makran Region Balochistan

The third series of Face-to-Face trainings was targeted for branches in the Makran belt of the Balochistan
region. Hence, back-to-back training sessions were conducted for branch staff in Gwadar, Turbat and
Panjgur from Nov 5-13, 2022 on “Legal and Regulatory Framework for Account Opening” and “Risk
Management under AML/CFT”. Forty-five bankers including Relation Managers, Operation Managers,
General Banking Officers, Customer Services Officers, Branch Banking Officers and Branch Managers
attended the programs. Mr. Naveed Elahi Malik, a seasoned banking professional with almost years of
experience in branch operations and compliance was engaged to share his expertise with the
participants. At the end of each training, a comprehensive quiz on key compliance areas of branch
operations was also administered to the