Habib Metropolitan Bank conducted customer outreach awareness sessions on money laundering and terrorism financing at local hotels in Karachi, Islamabad, Lahore and Peshawar. A senior official from the State Bank of Pakistan was also present at two of these sessions to express regulatory expectations regarding FATF developments. The sessions were conducted to enhance the Bank’s customers’ awareness regarding, and understanding of, the risks associated with Money Laundering (ML) and Terrorism Financing (TF). This initiative demonstrated HABIBMETRO Bank’s commitment to uphold the highest level of standards in AML / CFT controls in alignment with the directives of the State Bank of Pakistan, as well as international standard-setting and assessing bodies like APG and FATF. Speakers at the event discussed the economic consequences of Money Laundering& Terrorist Financingand important case studies on the subject. Speakers also briefed the audience about greater documentary requirements arising due to the current Geo-Political environment and enhanced focus on the scrutiny of transactions by the Regulators and LEAs. They expressed that the awareness program enhanced their knowledge of the significance of legal and regulatory requirements related to routine banking transactions.
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