National Institute of Banking and Finance (NIBAF) Pakistan successfully conducted a focused one-day training program titled “Money Laundering & Terrorism Financing: Risk Mitigation, Regulatory Requirements & Practical Awareness” in Lahore on October 10, 2025. The session aimed to enhance awareness, strengthen compliance capacity, and equip banking professionals with the tools and understanding needed to address critical Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) challenges.
The training brought together 22 participants representing various commercial banks from across the country. Led by seasoned trainer Muhammad Asim Khan Suri, the program delved into key regulatory frameworks, evolving compliance obligations, and practical measures that financial institutions can adopt to mitigate risks associated with money laundering and terrorism financing.
In an era where financial crimes continue to evolve in complexity, regulators and financial institutions are under increasing pressure to strengthen their compliance systems and ensure robust internal controls. The training underscored the critical role banks play in safeguarding the financial system from illicit activities by ensuring strict adherence to AML/CFT standards.
Participants were guided through the core components of effective risk mitigation, including customer due diligence, suspicious transaction monitoring, reporting protocols, and the use of technology to enhance compliance frameworks. The session also explored the implications of non-compliance, emphasizing the legal and reputational risks that financial institutions face when regulatory obligations are not met.
The program placed a strong emphasis on aligning bank-level compliance strategies with both domestic and international regulatory requirements. This included discussions on global AML/CFT frameworks and how these align with Pakistan’s regulatory landscape. Such alignment is essential to maintain the country’s financial integrity and support its efforts to meet international compliance benchmarks.
The practical awareness component of the training allowed participants to engage in interactive exercises and case studies, simulating real-world scenarios to better understand how money laundering and terrorism financing risks manifest in the banking environment. By translating theory into actionable strategies, the session ensured participants could apply their learnings within their respective institutions.
Financial sector professionals increasingly recognize that AML/CFT compliance is not just a regulatory requirement but a critical component of responsible banking. Programs like this enable commercial banks to enhance their internal control mechanisms, adopt a proactive approach to risk management, and contribute to a more secure and transparent financial ecosystem.
NIBAF has been consistently at the forefront of delivering specialized training programs aimed at strengthening the capacity of Pakistan’s financial institutions. By equipping banking professionals with advanced compliance knowledge and skills, it plays a vital role in supporting the national agenda of combating financial crimes and maintaining financial stability.
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