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Capacity Building Programs on Regulatory & AML Framework

28 Apr 2019

Dollar East Exchange Company organized two capacity building programs on exchange company’s regulatory, supervisory & AML framework recently in Lahore and Gujranwala. Mr. Muhammad Iqbal, Director Operations; Mr. Salman Shahid, Head Internal Audit; Mr. Irfan Hussain, Manager, Faisalabad Branch;  Mr. Imran Ali, Assistant Manager Faisal Town Branch, Lahore; Mr. Syed M Rizwan, Assistant Manager, Mirpur Branch and Mr. Muhammad Abid, Assistant Manager Compliance were speakers at these events. Different Branch Managers, Assistant Branch Managers, Cashiers, Tellers, Processing Officers and other staff members were invited to attend these informative and educational workshops.

Training sessions were designed as per State Bank’s guidelines to explain various rules, regulations to establish and operate an exchange company in Pakistan. Speakers explained about international authorities that monitor and control Money Laundering. Laws of national and international bodies to counter terrorism activities in Pakistan were also discussed at these events. They also described how State Bank of Pakistan supervises the operations of an exchange company through on-site and off-site monitoring tool. How an exchange company should comply with these regulations by conducting KYC and due diligence while processing transactions was also discussed.

Mr. Asmat Ullah, CEO Dollar East Exchange Company; Ms. Robina Mahmood Baig, Director Accounts; Mr. Nadeem Mustafa, Director Business Development; Mr. Ahmed Barjees Faisel, Senior Manager Marketing and Mr. Umair Farooq, Manager Human Resource attended these sessions. Senior officials and management of Dollar East Exchange Company presented the certificates to the participants and appreciation shields to the speakers.