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Relief as Habib Bank episode ends

Officially? Money Laundering.

Unofficially? A political action to apply pressure on Pakistan. It's mostly a bluff, because all it does is reinforce the view that Pakistan's economy is less and less dependent on the US.

Why only a fine? I suspect that Wall Street probably didn't want a bank, even a foreign one, to end up facing criminal charges, because that would probably lead to a lot of domestic banks also facing the same.
Incorrect Officially and unofficially it is related to money laundering and from 2006 onwards to 2012/2013 period where 4000 transactions have occurred with out following protocol of US treasury and on investigation thru law enforcement agencies these may have used in terror financing . Its time we Pakistanis should end conspiracy theories to end ,The bank have been given warning over serious breach of US protocol of banking over a decade but some how HBL always prefer the corrupt and connected ones to US branch some analyst predict that if HBL Branch can run properly from US this branch can pay the debt with in one year from its alone operations . Stop blaming every thing on others
 
This is New York State, not Federal Banking. New York state regulation is a joke and everyone know it.

What exactly are you trying to say here? NYDFS may be a state agency in a single state, but every bank, domestic or international, has operations there. After all, New York City is not only the financial capital of US, but the world, so any bank worth its salt will not operate there but be subject to state regulations, including supervision by NYDFS. Habib Bank chose not to comply and close up shop.

Incorrect Officially and unofficially it is related to money laundering and from 2006 onwards to 2012/2013 period where 4000 transactions have occurred with out following protocol of US treasury and on investigation thru law enforcement agencies these may have used in terror financing . Its time we Pakistanis should end conspiracy theories to end ,The bank have been given warning over serious breach of US protocol of banking over a decade but some how HBL always prefer the corrupt and connected ones to US branch some analyst predict that if HBL Branch can run properly from US this branch can pay the debt with in one year from its alone operations . Stop blaming every thing on others

The optics look bad because it appears US is putting pressure on Pakistan, but like you mentioned above, Habib Bank was cited many times for violations which it may no attempt to fix, hence the steep fine of NYDFS. And NYDFS is a state agency, not a federal one.
 
worship me or i will destroy you . USA as always
Does Pakistani citizen living in Saudia can able to transfer money in US$ to Pakistan through Al Rajahi Bank.
Indian Banks, both Govt. & Private are not accepting money from AL Rajahi Bank, Saudia.
Confirmed with my sources in Jeddah, AL Rajahi bank which received most of the terror money Through Habib Bank, Pakistan is under investigation. Some US bank(s) part with AL Rajahi for US payment advising etc are no more working/willing to work with AL Rajahi and Habib bank.
This whole thing is still stinking to hell.
 

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