NIBAF Pakistan Conducts TBML Training to Strengthen Financial Crime Awareness
NIBAF Pakistan successfully conducted a one-day customized training program on Trade-Based Money Laundering (TBML) for BAFL participants, enhancing understanding of red flags, regulatory expectations, and preventive measures.
Pakistan Dollar Transactions: Facial Recognition Needs 1Link-Style System to Stop Leakages
Exchange companies in Pakistan caution that the new Nadra-linked facial recognition for dollar transactions will not prevent misuse unless a centralised 1Link-style system is implemented to track buyers across all exchange outlets.
Pakistan and IMF Begin Negotiations on $1.2 Billion Loan Tranche Amid Governance Reforms
Pakistan has entered talks with the IMF for a $1.2 billion loan tranche, with discussions centered on anti-money laundering, governance reforms, and transparency measures in development and fiscal management.
NIBAF Pakistan Conducts Training on Customer Due Diligence Compliance Challenges for Banks
NIBAF Pakistan successfully organized a two-day training program on CDD compliance challenges at its Lahore campus, equipping banking professionals with practical tools to strengthen regulatory adherence, risk management, and operational efficiency in customer due diligence processes.
SBP Enforces Mandatory H.S. Codes in Trade Transactions to Combat Money Laundering Risks
The State Bank of Pakistan has made H.S. Codes and detailed product information mandatory in all trade-linked financial instruments, aiming to combat trade-based money laundering, enhance transparency, and strengthen the country’s financial oversight framework.
NIBAF Hosts AML/CFT-KYC Regulatory Compliance Training for Banking Professionals in Karachi
NIBAF Pakistan organized a face-to-face training session on AML/CFT-KYC regulatory compliance at its Karachi campus on June 26, 2025, led by Kamran Hyder and attended by officers from various commercial banks.