News > US regulators slap $55 million fine on Pakistan's National Bank
US regulators slap $55 million fine on Pakistan's National Bank
Voanews | 26/02/2022 11:07 AM | Click to read full article
U.S. financial regulators have fined the New York branch of the National Bank of Pakistan (NBP) more than $55 million for anti-money laundering violations and compliance deficiencies.
Pakistani authorities have said the fines were agreed upon through a settlement with U.S. regulators and that there has been no "willful misconduct" at NBP's New York branch.