# Which Pakistani bank has been penalised with heavy fine by US authorities? with Answer - Pakistan Current Affairs MCQs | TestPrep

> Solved MCQ: Which Pakistani bank has been penalised with heavy fine by US authorities? Correct Answer: A. NBP. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which Pakistani bank has been penalised with heavy fine by US authorities?

Direct Answer & Quick Reference

The correct option is **A. NBP**.

The state-owned National Bank of Pakistan (NBP) on Friday confirmed it had been fined $55.4 million by two US regulators, but maintained that no “improper transactions or willful m...

A. NBP **(Correct Answer)**

B. SBP

C. HBL

D. None of these

✨ Explain with AI

Verified Key: A. NBP
Solved by 3,324+ students

**Detailed Explanation & Reference:**

The state-owned National Bank of Pakistan (NBP) on Friday confirmed it had been fined $55.4 million by two US regulators, but maintained that no “improper transactions or willful misconduct” was found during the examination. The Federal Reserve Board and the New York State Department of Financial Services (NYDFS) announced on Thursday they fined the NBP for serious compliance deficiencies and anti-money laundering violations.

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