Board of Governors of the Federal Reserve System
New York State Banking Department
For immediate release
December 21, 2006
The Federal Reserve Board and the New York State Banking Department on Thursday announced the execution of a Written Agreement by and among Habib Bank Limited, Karachi, Pakistan; the bank's branch in New York, New York; the Federal Reserve Bank of New York; and the New York State Banking Department.
The Written Agreement addresses Bank Secrecy Act and anti-money laundering compliance at Habib Bank Limited's New York branch, including policies and practices relating to the provision of correspondent banking services.
A copy of the Written Agreement is attached.
Attachment (353 KB PDF)