4th Annual Financial Crime Summit held in Karachi addressed Pakistan’s ongoing fight against financial crime. Themed “Post-FATF Financial Crime Action Plan – Continuing the National Anti-Financial Crime Agenda,” the summit brought together over 400 stakeholders from various sectors, including regulatory authorities, law enforcement agencies, banks and financial institutions, academia, and media.
President of Pakistan Dr. Arif Alvi addressed the summit, emphasizing the importance of staying ahead of financial criminals. He stressed the need for “effective collaborations between various stakeholders” and data sharing protocols to ensure sustainable progress. He commended Dellsons Associates and knowledge partners A.F. Ferguson & Co. for organizing this crucial event.
The summit featured speeches, presentations, and panel discussions from industry leaders. Notable speakers included former Governor of the State Bank of Pakistan Salim Raza, Pakistan Freelancers Association Secretary General Kazi Rahat Ali, and Planet N Group Chairman Nadeem Hussain. Presidents and CEOs of banks and non-bank institutions, Chief Compliance Officers, and representatives from regulatory bodies and law enforcement agencies all contributed to the summit’s rich dialogue. Additionally, international speakers from consulting, academia, and fintech provided valuable insights.
Ibrahim Amin, Chairman of Dellsons, emphasized the summit’s importance, particularly after Pakistan’s recent exit from the FATF grey list. He stressed the need to “strictly meet the commitments made to FATF” and establish a robust post-FATF action plan to prevent future greylisting.
Syed Faraz Anwer, Partner Consulting at A.F. Ferguson & Co., echoed President Alvi’s message. He acknowledged the collaborative effort leading to Pakistan’s removal from the grey list but highlighted that “the fight against financial crimes doesn’t end here.” He emphasized the importance of maintaining alignment with global standards to ensure continued financial stability.
This summit underscores Pakistan’s unwavering commitment to combating financial crime and its dedication to establishing a robust post-FATF framework.