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Violation Tracker Individual Record

Company: National Bank of Pakistan
Penalty: $35,000,000
Year: 2022
Date: February 24, 2022
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: National Bank of Pakistan and its New York branch agreed to pay $35 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services resolving the Department's investigation into compliance deficiencies at the Branch with respect to Bank Secrecy Act/Anti-Money Laundering requirements.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.