OFAC has fined the New York Branch of National Bank of Pakistan $28,800 for 7 wire transfers it made to an entity on OFAC’s list of Specially Designated Nationals, totalling $55,952.14. The fine settles the bank’s potential civil liability for the violations. The transfers were made to Kyrgyz Trans Avia, an airline headquartered in Bishkek, Kyrgyzstan. The bank’s sanctions compliance…...
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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...
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