Now reading: Rashid Muhammad

Rashid Muhammad


Rashid joined Cenfri in 2021 as the EM for the Integrity team. He is a financial services practitioner with extensive experience in overseeing enterprise-wide compliance functions and building anti-money laundering and combatting the financing of terrorism (AML-CFT) and regulatory compliance programmes. He also has global and regional experience in fraud prevention, risk management, regulatory consulting, digital transformation, banking operations management, IT systems implementation, project management and other business process improvements. 

Rashid developed AML-CFT and fraud prevention programmes for leading financial institutions across the Middle East, Africa and Asia Pacific regions. He designed and implemented the full-service banking project for the leading Microfinance Bank that enabled the institution to offer a wide range of financial services to the unbanked population in Pakistan. As part of PwC, Rashid significantly contributed to establishing the Open Banking ecosystem for the Middle East region, including drafting open banking and electronic know-your-customer regulations. His contribution in designing compliance minimum standards for digital payments supported a global payments company offering mobile based payments across Africa. Rashid has collaborated with several fintechs and regulators in the Middle East and South Asia regions to establish fintech ecosystems focusing on digital payments, payment systems, digital banking, microfinance, and digital crowdfunding platforms.

Qualifications
  • MS Management Sciences, SZABIST University Pakistan 
  • MA Economics and Finance, Karachi University Pakistan 
  • Certificate Anti-Money Laundering Specialist (CAMS), ACAMS USA 
  • Certified Global Sanctions Specialist (CGSS), ACAMS USA 
  • Specialist Certificate in Financial Crimes Risk in Mobile Financial Services, ICA UK 

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