Advance AML / CFT Regime With Common Reporting Standards
Combating the financing of terrorism (AML / CFT) regulations more comprehensive by revising its approach drastically.
Combating the financing of terrorism (AML / CFT) regulations more comprehensive by revising its approach drastically. These regulations have been issued to banks / DFIs with a view to introduce a comprehensive regulatory framework in line with international standards to mitigate the various risks arising from money laundering and terrorist financing aimed at providing an environment for effective implementation of risk based approach considering various Bank’s internal policies, procedures, risk parameters. Presenters from SBP will highlight the issues that became the reasons of introducing the revised regulations and how they should be implemented in letter and spirit by banks/DFIs. The Trainers will also focus on initiatives taken for AML & CFT in light of National Action Plan (NAP), NACTA Guidelines, Common Reporting Standards, Fourth Schedule, etc.