Page 48 - NIBAF-Training Matters July - December 2022

Senior Audit & Finance Officers, the data is also used statistical schedules for visible/invisible
team from Branch Banking Audits, analysis to support polices receipts and payments, ,
Internal Audit & Compliance formulation and implementation segregation of purpose codes for
professionals from SBP, banks, Hence, data quality and accuracy Roshan Digital Account, Foreign
MFBs, MFIs and Exchange in reporting and classification hold Direct/Portfolio Investment,
Companies attended the sessions utmost importance for SBP. Hence, Repatriation, Foreign Currency
and appreciated the tools and SBP has instructed all Authorized Accounts, Worker’s Remittances
techniques discussed by the Dealers to take utmost care in and services, new purpose codes
trainer. compilation of returns/statements for Non-Resident Value Account
and also ensure that foreign and Foreign Currency Value
Purpose-Coding System in exchange data reported in Account - , Harmonized commodity
Exports
Foreign Exchange Returns ITRS/DAP is accurate, complete classification in of goods and
and as per the prescribed format
and
Imports
(ITRS) with regulatory action in cases of of exercises/case studies for
International Transactions misreporting/non-reporting. In identification of appropriate
Reporting System (ITRS) of banks order to minimize misreporting of purpose code of foreign exchange
is the main data source used by regulatory data, NIBAF-Quetta transactions in different scenarios.
Core Statistics Department, SBP to organized an online session for
compile Pakistan’s Balance of reporting/foreign exchange officers
Payments (BOP) Statistics. In order of banks on the subject on Dec 23,
to ensure accurate and maximum 2022. Mr.Ghazanfar Aatzaz Amjad,
possible coverage of the Deputy Director, Core Statistics
transactions of residents with rest Department, SBP delivered the
of the world (ROW), all foreign session highlighting importance of
exchange transactions are ITRS data and further elaborating
captured through ITRS. Besides its structure, FER code guide, Code
the compilation of BOP statistics, lists and Coding system of

Awareness sessions on Money Laundering & Terrorist Financing for
Universities in the Makran Region-Balochistan

Since Money Laundering & Terrorist Financing is an area of
national significance, awareness sessions on the topic were
organized for university students and faculty to sensitize them in
the area. Three two-hour sessions were organized at University of
Gwadar, University of Makran-Panjgur and University of Turbat on
th
th
the 7 , 11 and 16 of November-2022, respectively. Mr. Naveed
th
Elahi Malik, Ex-banker and Nab official delivered the session in a
simplified manner utilizing a question-oriented presentation and
discussion to ensure understanding by all participants. Key
questions discussed included: i) What is “Money Laundering” and
Terrorist Financing & why is it an issue of national significance?
iii) What are the ML/CFT risk prone institutions and channels and what is the role of the banks iv)) What is SBP’s
Role in AML/CFT v) What other institutions are susceptible to risks from ML/TF vi) What is the role of other financial
institutions and regulators vii) How is the AML/CFT risk being controlled by all parties involved? The question-
oriented mode of delivery made the session very interactive with many questions asked by the students. The
sessions were attended by 198 students and 7 faculty members.