Pakistan's banking regulator in 2018 had found irregularities in Habib Bank Ltd's UAE operations. FMTNews UAE
DUBAI: The United Arab Emirates’ central bank is investigating Pakistan’s largest bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday.
The Central Bank of UAE said in a statement on Wednesday that it was in “close contact” with Pakistan’s banking regulator to verify reported irregularities of a Pakistani bank in UAE. The statement by the UAE banking regulator added it “will take appropriate regulatory action once we have verified the findings reported in the media to confirm if there was any violation to UAE’s Anti-Money Laundering and Combat of Financing of Terrorism laws and procedures.”
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