Money Laundering Bulletin
National Bank of Pakistan fined U$55m in US for years of AML failures
By Keith Nuthall
The New York state Department of Financial Services (NYDFS) and the US Federal Reserve Board (FRB) have imposed penalties
of US$35 million [1] and U$D20.4 million [2] respectively on the National Bank of Pakistan over anti-money laundering (AML)
failures.