Barclays is a 300-year-old global financial services company headquartered in London with over 4,750 branches across 50 countries. In Pakistan, Barclays offers personal, premier, and corporate banking services. Barclays has a total of $2.42 trillion in assets and has clear risk management objectives to ensure business growth is supported by effective infrastructure and a diverse risk profile. The presentation discusses terrorism financing, noting terrorist organizations obtain funds from various sources and launder money to finance operations and maintain infrastructure for funding sources. Money laundering through banking deposits, remittances or pay orders to clean illegally obtained money is also covered.

1. Presented by:
Saad Mazhar

2. » Introduction
» History
» Functions
» Risk management
» Terrorism financing
» Money laundering
» Recommendation

3. » Barclays is a British multinational banking and
financial services company headquartered in
London.
» Based on internationally recognized standards.
Since then, they have been adopted by more
than 73 banks from 25 countries.
» Barclays had total assets of US$2.42 trillion, the
seventh-largest of any bank worldwide.

4. » Barclays is a 300 year old global financial services
provider.
» Barclays Pakistan started functioning in the country
around 3 years back and currently
» Barclays has over 4,750 branches across around 50
countries, of which around 1,600 are in the United
Kingdom.

5. In Pakistan, Barclays offers:
» Personal banking
» Premier banking
» Corporate Banking

6. » Barclays has clear risk management objectives
and a well-established strategy to deliver them,
through core risk management processes.
» Ensuring of business growth plans are properly
supported by effective risk infrastructure.
» Managing the risk profile to ensure that specific
financial deliverables remain possible under a
range of adverse business conditions; and help
executives improve

7. » Terrorist organizations derive income from a variety
of sources, often combining both lawful and
unlawful funding, and where the agents involved
do not always know the illegitimate end of that
income.
» Launder the funds used in financing the terrorist
activity or resulting from that same activity.
» Terrorist builds and maintains an infrastructure to
facilitate the development of sources of funding, to
channel those funds to the providers of materials
and or services to the organization

8. » Black money or illegal money which cleanliness
through banking channels by means of
deposits, foreign remittances or pay order is
called money laundering.