United Bank Limited controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
FinCEN Files transaction reporting
UBL was named in reporting based on the FinCEN Files. Eight suspicious transactions dated to 2011 and 2012, with an aggregate reported value of approximately US$399,620, were flagged in suspicious-activity reports. Inclusion in the reporting does not by itself establish that the bank committed a criminal offense.
2017
Front-running case involving UBL capital-markets personnel
Pakistan's Securities and Exchange Commission filed a criminal case against UBL capital-markets head Khalid Iqbal and three associates over transactions involving Gharibwal Cement shares. The case alleged that associates purchased shares at lower prices and sold them to UBL at higher prices. The court later convicted all four defendants, according to the cited account.