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SBP imposes over Rs290 million as penalty on six commercial banks

KARACHI: State Bank of Pakistan (SBP) on Friday imposed over Rs290 million as monetary penalty on six commercial banks for violating regulatory instructions pertaining to Customer Due Diligence (CDD) and Know Your Customer (KYC) during quarter ended September 30, 2022. The central bank imposed the monetary penalty on commercial banks included: Bank Al Habib Limited; […]

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