The UP organizes a seminar on money laundering

LAHORE: Punjab University Hailey College of Banking & Finance (HCBF) in collaboration with the National Institute of Banking & Finance (NIBAF) organized a seminar on “Money Laundering”.

State Bank of Pakistan Co-Director currently working with NAB, Lahore Gulzar Khan, Principal HCBF Prof Dr Mubbsher Munawar Khan, NIBAF Co-Director Rao Ahmed Mukhtar, faculty members, students and employees have attended the seminar.

In his address, Gulzar Khan made a detailed presentation on the threats caused to national sovereignty and the economy by the threat of money laundering. He also briefed participants on the Financial Action Task Force (FATF) protocol. He also highlighted the areas to be strengthened in order to register the country with the FATF.

Rao Ahmed Mukhtar informed the regulatory framework of the SBP in developing a comprehensive policy to be practiced by banks for the control of money laundering.

Dr. Mubbsher Munawar Khan also spoke about the threats caused by money laundering. He stressed the need to raise public awareness on this issue. He appreciated the efforts of SBP officials to share their knowledge and experience with HCBF students.