<span style="color: #222222;">In a setback to an already-derailed Pakistan's economy, the United States has imposed a fine of 55 million dollars on the National Bank of Pakistan (NBP) and its New York branch for anti-money laundering violations and for repeated compliance failures.  The fines have been imposed by the US Federal Reserve, the central bank of United States, and Superintendent of Financial Services of the state of New York imposed fines on the central bank of Pakistan over deficiencies and non-compliance with the federal laws.<br />''<br />''The Federal Reserve Board (FRB) has announced the penalty of 20.4 million dollars against the Bank for violations in monetary schemes. Separately, the New York State Department of Financial Services has asked NBP to pay 35 million dollars after the authorities found significant deficiencies in the NBP branch's risk management and compliance with federal laws, rules, and regulations. NBP is a subsidiary of the State Bank of Pakistan which is the central bank of the country.<br />''<br />''The state of New York's Superintendent of Financial Services Adrienne A Harris announced that NBP has agreed to pay $35 million over the compliance deficiencies at its New York branch. </span><br />