Under the directives of the State Bank of Pakistan and the Board of Directors had appointed a senior officer as Chief Compliance Officer in January, 2004. The bank has now hired the services of an officer from SBP on deputation as CCO for effective implementation of the directives of SBP particularly on KYC and Anti Money Laundering. The Compliance Division directly reports to the Managing Director of the bank. We have designated Compliance Officers in all our branches who perform their function as per TORs provided to them and report to Chief Compliance Officer. The bank prepared a Complianc Mnual in 2004 which is now being updated in the light of best international practices.Compliance division consist of the following departments headed by Chief Compliance Officer:

Compliance Department
Monitoring and Implementation Department

In order to enhance capacity building of Compliance Officers, a comprehensive training program on Compliance will be held in May, 2006. Furthermore, a consolidated training material was prepared on the basis of SBP's Prudential Regulations, Banking Operations Instructions, Bank's Own Policies etc and the same disseminated to all Compliance Officers for meticulous compliance of SBP's as well as H.O. instructions.