A. $45 million
B. $55 million
C. $75 million
D. None of these
Submitted by: Areesha Khan
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.
Correct Answer: $55 million ✔
Last Updated: February 28, 2022