New York Tells Top Pakistan Bank to Hire Laundering MonitorBy
Habib Bank must limit dollar clearing, new accounts, DFS says
Regulator's order issued without fines, details of findings
New York’s banking regulator ordered Habib Bank Ltd. to limit its dollar-clearing activities and hire a monitor to oversee its internal financial controls, saying Pakistan’s largest lender had failed to improve its operations in the U.S. since irregularities were flagged there almost a decade ago.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.