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Violation Tracker Individual Record

Company: National Bank of Pakistan
Penalty: $20,400,000
Year: 2022
Date: February 24, 2022
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: banking violation
Violation Description: The Federal Reserve Board announced a $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations. The Board will also require the firm to improve its anti-money laundering program.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.