Civil Enforcement Information - National Bank of Pakistan

Date issued: Jun. 18 2015

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TURBOFAC Commentary (414 words)

Notes:

1) The apparent reason why the filter did not catch the SDN was the lack of spaces in the SDNs name as it showed up on the payment messages "Kyrgyztransavia v. Kyrgyz Trans Avia." Compare Civil Enforcement Information - JPMorgan Chase Bank N.A. (2nd violation, Finding of Violation Component).

OFAC explained that:

On May 31, 2013, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Kyrgyz Trans Avia, an airline headquartered in Bishkek, Kyrgyzstan, pursuant to Executive Order 13224 of September 23, 2001, "Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism." Between June 6, 2013 and January 31, 2014, NBP New York processed seven funds transfers totaling $55,952.14 that were originated by, or destined for, the account of "LC Aircompany Kyrgyztransavia" at...