January 27, 2021 (MLN): The State Bank of Pakistan (SBP) imposed a monetary penalty of Rs.59.516 Million on Habib Metropolitan Bank (HMB) on account of violation of its guidelines pertaining to AML/CFT.
In addition to penal action, the bank has been advised to conduct an internal inquiry on breaches of regulatory instructions and take disciplinary action against the delinquent officials.
Copyright Mettis Link News
Posted on: 2021-01-27T18:53:00+05:00
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