Enforcement Action: SBP imposes Rs 59.5 million penalty on Habib Metropolitan Bank

MG News | January 27, 2021 at 06:53 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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

Related News

June Urea offtake rises 2% YoY

Finance Minister hails FBR for hitting revised FY26 target

World Bank urges fiscal reforms in Pakistan

Name	Price/Vol	%Chg/NChg
KSE100	185,714.84 242.92M	0.90% 1664.74
ALLSHR	111,852.76 561.99M	0.96% 1062.94
KSE30	55,474.57 108.25M	0.97% 530.36
KMI30	262,873.10 78.46M	0.86% 2238.23
KMIALLSHR	72,018.82 323.23M	0.90% 640.60
BKTi	52,226.03 48.46M	1.17% 601.57
OGTi	37,193.78 4.60M	0.68% 251.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,735.00	61,550.00 59,710.00	555.00 0.92%
BRENT CRUDE	70.77	71.22 70.63	-0.80 -1.12%
RICHARDS BAY COAL MONTHLY	107.50	107.50 107.50	0.00 0.00%
ROTTERDAM COAL MONTHLY	119.25	122.00 119.25	0.15 0.13%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	67.76	68.17 67.56	-0.82 -1.20%
SUGAR #11 WORLD	14.96	15.25 14.84	0.14 0.94%