ISLAMABAD: The Zarai Taraqiati Bank Limited (ZTBL) has conducted series of training sessions on Anti-Money Laundering (AML), Counter Terrorism Financing (CFT), and Countering Proliferation Financing (CPF), for its employees as valuable customers in compliance with recommendations of the Financial Action Task Force (FATF).
A senior official said that the bank had facilitated 4,009 participants by arranging 314 sessions on the AML, the CFT, and the CPF at various locations in the country under the supervision of the chief compliance officer (CCO) of the bank.
A report on the bank's internal ML/TF Risk assessment has also been submitted to the State Bank of Pakistan (SBP) by the bank, which was later on presented to the FATF, showing efforts of Pakistan in mitigation of ML/TF risk pose to the country, he further said.
He said that the bank also prepared an action plan 2020, to meet the growing and stringent requirements of the FATF/SBP. The official further said that the bank with recent structural reforms in place by the management had embarked upon diversification of its lending operations in new lending ventures and areas.
These areas include agriculture value added, agriculture supply chain relationships, he said. He said that the bank introduced, "Rural Development Scheme for Azad Jammu and Kashmir (AJK)" aiming at dairy and livestock development.
Similarly, a scheme for "Establishment of Silage Units" is also launched across the country to increase dairy and livestock productivity by providing nutritional, stored forage to animals, he said. He said that bank also launched "Financing scheme for Milk Chilling Unit" to support value addition of dairy products and dairy supply chain efficiency.
Copyright Business Recorder, 2020
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