Course Description

Download Brochure

Course Overview

Pakistan has been placed under the FATF’s deficient Jurisdiction in the year 2018. The Country has shown great commitment and complied all the action points. The question is why Pakistan still in grey list? The response will be provided in details along with methodology of mutual evaluation under which countries has been assessed and placed in grey list / black list.

Moreover, Sanctions referred as restrictive measures or economic actions taken against a target. Sanctions are among the most widely used foreign policy tools of governments and international organizations in reaction to crises in world politics recent example of Russia and Ukraine.

The cost of inadequate sanctions screenings are significant, including potential reputational damage, substantial fines, and exclusion from future business contracts.

Pakistan since last 4 years specifically Financial Institutions has played very crucial role to implement the Targeted Financial Sanctions (TFS) regime but still more understanding and continuous efforts required to implement the same.

Considering, the requirements and importance, a virtual  training is designed to cover the fundamental knowledge about grey list effects, mutual evaluation process and why UN sanction and unilateral Sanctions Compliance is important.

Who Should Attend

This training is designed to create awareness among financial institutions i.e. banks, DFIs, MFBs, EMIs, PSOs, PSPs and DNFBPs Sector and also beneficial for exporter and importers of different commodities.

• Compliance officers
• Sactions Unit
• MLRO
• CPU Trade.
• Operations.
• Frontline officers
• Importer / Exporters
• Vendors of screening solution

COURSE OUTLINE

• What is FATF and FSRBs
• Why necessary countries to implement FATF Recommendations
• Mutual Evaluation and Pakistan Mutual Evaluations results
• Grey list and effects of grey list for the country
• What is Sanctions and Sanction Compliance
• Sanctions Regimes
• Terrorism-Related Sanctions
• Who Imposes Sanctions and How Sanction Regimes are Determined?
• Sanctions Types
• Targeted Financial Sanction Regime (TFS)
• Consequences for Noncompliance
• Sanctions and Correspondent Relationship concerns
• Sanctions Due Diligence
• Sanction Screening, Screening Targets
• Sanctions Lists

Speaker:  Kamran Hyder, Joint Director, State Bank of Pakistan