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JS Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2019

    State Bank penalty over customer due diligence

    In September 2019, the State Bank of Pakistan imposed a penalty on JS Bank in relation to deficiencies in customer due diligence. The cited areas included asset quality, corporate governance, and AML/KYC controls. The bank was directed to improve identification of politically exposed persons, customer-risk profiling, and transaction monitoring.

    Source