The Pakistan Ministry of Finance issued the Foreign Currency Accounts Rules, 2020, which prohibit foreign currency accounts from being credited with any foreign exchange purchased from an authorized dealer, exchange company or money changer, except as allowed by the State Bank.
The European Union announced that the 6th round of the European Union – Pakistan Political Dialogue was held by video conference on Oct. 6, 2020, during which leaders discussed actions against money laundering and terrorist financing.
Mexican FIU freezes hundreds of bank accounts, FinCEN details red flags of unemployment insurance fraud, and more, in the midweek roundup.
Danske Bank plans to shed 1,600 jobs, Citgroup fined for failing to manage risk, and more, in this week’s roundup.
The State Bank of Pakistan’s Offsite Supervision and Enforcement Department issued a Rs12.8 million penalty against the Karachi, Pakistan-based financial institution for procedural violations of customer due diligence and know your customer requirements.
The State Bank of Pakistan imposed a monetary fine on the Karachi, Pakistan-based bank on Oct. 4, 2019 for violating banking regulations.
|Compliant : 2||High : 0|
|Largely Compliant : 9||Substantial : 0|
|Partially Compliant : 25||Moderate : 1|
|Non-Compliant : 4||Low : 10|
|Rank : 23/125|
|Score : 6.45/10|
|Rank : 120/180|
|Score : 32/100|
|Rank : 100/133|
|Score : 55/100|