NYDFS ENFORCEMENT ACTION FOR BSA/AML/OFAC VIOLATIONS AGAINST NATIONAL BANK OF PAKISTAN
NYDFS takes enforcement action against the National Bank of Pakistan. Some takeaways: $35 million civil monetary penalty NYDFS may impose independent consultant or monitor after a year in the event progress on remediation is unsatisfactory There is a parallel settlement with the Federal Reserve Board which includes a $20 million penalty as well. The NYDFS … Read more