iPhone | iPad
Android
Huawei
Anthony Sanchez was convicted of raping and murdering 21-year-old Juli Busken, who had just completed her last semester at the University of Oklahoma
KT APPDOWNLOAD
NBP emerges victorious against claims of terror financing in New York court
The National Bank of Pakistan (NBP) has won the case ‘Harold Brown Sr., et al vs NBP’ filed in the United States District Court, Southern District Court, Second Circuit, New York, according to reports.
NBP had filed a motion to dismiss claims, which was vigorously contested through its US attorneys, thus leading to the case being dismissed in the bank’s favour.
The plaintiff Harold Brown had falsely alleged that NBP allowed money transfers, which resulted in financing of terrorism against US citizens in Afghanistan, thus amounting to an offence under the US Anti-Terrorism Act, as amended by the Justice Against Sponsors of Terrorism Act.
The dismissal of the case proves that the claim against NBP was without any legal basis, reports suggested.
According to a statement by NBP, it has historically remained committed to combating financial crimes through compliance with local and international laws, regulations and international best practices with regards to Anti Money Laundering and Know Your Customer-related matters. NBP is the largest public sector bank in Pakistan having a significant branch network of 1,500 plus branches across the country and a strong international presence.
More news from
Move aims at raising the organisation’s ability to keep pace with the latest industry and technology shifts
If Congress fails to provide funding for the fiscal year starting October 1, many US government services would be disrupted
The dashing batter needs to decode the 50-over format and bat through the innings
The new AI tool, called Copilot, will work across the company's web and productivity applications Bing, Edge browser, and Microsoft 365 software suite
UN aid chief Martin Griffiths: 5,000 people have been killed, 12,000 injured and more than 6 million face acute food shortages in Sudan
Multiple people had notified Google Maps about the collapse in the years leading up to his death and had urged the company to update its route information
Sheikh Ahmad calls on Iraq to take 'concrete, decisive and urgent measures' to address the ruling