1160Pakistan Current AffairsMedium
The National Bank of Pakistan (NBP) has been fined more than _________ million by United States authorities for anti-money laundering violations?
A$45 million
BNone of these
C$75 million
D$55 million
Correct answer
D. $55 million
Explanation
The state-owned National Bank of Pakistan (NBP) on Friday confirmed it had been fined $55.4 million by two US regulators, but maintained that no “improper transactions or willful misconduct” was found during the examination. The Federal Reserve Board and the New York State Department of Financial Services (NYDFS) announced on Thursday they fined the NBP for serious compliance deficiencies and anti-money laundering violations.