The National Institute of Banking and Finance (NIBAF) Pakistan successfully delivered a two-day online training program on AML/CFT/CPF and Sanctions Compliance for the senior management of the ECO Trade and Development Bank (ETDB) on November 17–18, 2025. The program marked a significant step in advancing regional capacity building on global compliance standards and enhancing the risk management frameworks of institutions operating within the ECO region. Participants from ETDB’s Head Office in Turkey joined the virtual sessions, reflecting the growing demand for structured, specialized training in financial crime prevention across international banking networks.
The training focused on strengthening institutional understanding of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF). The sessions explored the foundational concepts that shape global compliance expectations and highlighted the strategic importance of these frameworks for cross-border financial institutions. With increasing regulatory scrutiny and rapidly evolving risks in the financial sector, the sessions aimed to prepare ETDB leadership to adopt proactive governance measures aligned with international standards.
A core component of the program was the Risk-Based Approach, emphasizing how financial institutions can apply practical risk assessment models to identify vulnerabilities and implement effective mitigation strategies. The training also covered due diligence requirements related to Non-Profit Organizations (NPOs), which have been recognized globally as potential channels for illicit financial activities if not monitored appropriately. A detailed discussion on Customer Due Diligence (CDD) provided participants with insights into enhanced verification processes, onboarding controls, and ongoing monitoring obligations.
Emerging threats associated with Proliferation Financing were also examined, highlighting how international sanctions regimes and geopolitical developments create new compliance challenges for banks. The program further looked into correspondent banking controls, addressing the specific risks involved in cross-border banking relationships and the need for transparent, well-documented processes to safeguard institutional integrity.
An important segment of the training offered a comparative overview of AML legal frameworks across ECO member countries, giving participants a broader understanding of regulatory diversity within the region. This comparative perspective allowed ETDB leadership to identify areas where harmonization and policy alignment may support stronger regional financial security.
The sessions were led by Mr. Shahid Iqbal, whose practical expertise and industry experience contributed to an engaging learning environment. His delivery was well received by the participants, who appreciated both the conceptual clarity and real-world insights provided throughout the program.
This initiative serves as the first in a planned series of training programs for ETDB, with additional sessions scheduled over the coming months. The continued collaboration between NIBAF and ETDB underscores a shared commitment to strengthening compliance culture, promoting financial integrity, and supporting the region’s financial institutions in meeting international regulatory expectations.
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