The Securities and Exchange Commission of Pakistan published its 2020 annual report, highlighting the regulator’s response to unprecedented challenges posed by the COVID-19 pandemic.
The State Bank of Pakistan issued a circular extending the validity of utilizing online identity verification services in place of biometric verification in order to limit the spread of COVID-19 until June 30, 2021.
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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 : 28/141|
|Score : 6.3/10|
|Rank : 120/180|
|Score : 32/100|
|Rank : 100/133|
|Score : 55/100|