NIBAF Pakistan conducted a one-day customized training program on “Trade-Based Money Laundering (TBML)” on December 13, 2025, at the BAFL Learning Center in Karachi. The session brought together 35 participants from BAFL, aiming to enhance their understanding of trade-related financial crime risks and strengthen institutional compliance frameworks.
The training was led by Mr. Saleem Sheikh, Joint Director of the Economic Policy Department (EPD) at the State Bank of Pakistan. Participants were guided through a detailed exploration of critical TBML red flags, regulatory expectations, and preventive measures. The program provided practical insights to help financial institutions identify suspicious trade transactions, implement robust monitoring systems, and ensure adherence to anti-money laundering (AML) standards.
Through interactive discussions and case studies, attendees learned about emerging TBML typologies, operational vulnerabilities, and the importance of aligning internal policies with regulatory requirements. The session emphasized proactive detection and risk mitigation strategies, equipping participants with the skills to safeguard their institutions against trade-based financial crime.
NIBAF Pakistan highlighted that such specialized training programs are part of its broader mission to build capacity within the financial sector, ensuring that personnel are well-prepared to address evolving threats and compliance challenges. By strengthening knowledge of TBML, the program supports improved risk management practices and enhances the resilience of financial institutions against illicit activities.
The successful completion of the one-day session reinforces NIBAF Pakistan’s commitment to promoting financial integrity, regulatory compliance, and capacity building across the banking and financial ecosystem in the country.
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