Tag Archive: fines

Pakistani Bank Fined $630 Million for AML Violations

In August, Habib Bank Ltd (HBL), was fined a record $630 million for a Pakistani financial institution by the New York State Department of Financial Services (DFS) for noncompliance with state and federal anti-money laundering (AML) laws at its U.S…. Read more >

Citigroup Pays $97.4 Million Fine to Settle Money Laundering Charges

For a number of years now, employees of Citigroup have been skeptical that the millions of dollars the bank was routing to Mexico were suspicious, however, the bank failed to forewarn regulators or look more closely at their monitoring system… Read more >