Compliance Training for Bank Employees in Pakistan: A Must-Have Course
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In a bid to strengthen the country’s anti-money laundering (AML) and combating financing of terrorism (CFT) regulations, the State Bank of Pakistan has made it mandatory for bank employees and agents of financial institutions to undergo compliance training. This rigorous course is designed to equip professionals with the knowledge and skills required to prevent and detect money laundering and terror financing activities.
Understanding Money Laundering: A Key Module
The comprehensive training program covers essential modules, including:
Concept and Definition of Money Laundering
Participants will learn about the Anti-Money Laundering Act and its implications on financial institutions and countries.
Money Laundering and Globalization
This module explores how globalization affects institutions and countries, making them more vulnerable to money laundering activities.
Risk-Based Monitoring
Trainees will understand how to identify and assess risks associated with money laundering and terror financing.
Customer Due Diligence
Participants will learn about the importance of conducting thorough customer due diligence to prevent money laundering activities.
Correspondent Banking and Wire Transfers
This module focuses on secure banking practices, including correspondent banking and wire transfers.
Suspicious Transaction Reporting (STR) and Currency Transaction Reports (CTR)
Trainees will understand the significance of reporting suspicious transactions and currency exchange reports.
Who Should Attend?
This training is ideal for:
- Bankers
- Auditors
- Employees of banking and financial institutions
- Company secretaries
- Lawyers
- Law students
- Accountants
Course Outcome
Upon completing this course, participants will have a basic understanding of money laundering concepts, including how criminals launder black money into the formal economy. They will be able to:
- Identify risks associated with money laundering and terror financing.
- Counter attempts to launder money and finance terrorism.
- Implement protocols to secure financial institutions from unknowingly participating in money laundering transactions.
Meet Your Trainer
Our experienced trainer is well-versed in AML and CFT regulations, with a deep understanding of the subject matter. They will provide comprehensive guidance throughout the training program.
Register Now
Don’t miss this opportunity to enhance your knowledge and skills in compliance training for bank employees in Pakistan. Register now and take the first step towards strengthening your institution’s anti-money laundering and combating financing of terrorism efforts.