The State Bank of Pakistan (SBP) has imposed monetary fines amounting to Rs 192.6 million on four banks in November for violation in the area of Customer Due Diligence (CDD) and Know Your Customer (KYC). It may be mentioned that SBP takes supervisory enforcement actions against those financial institutions that fail to comply with legal or regulatory requirements and these actions may range from imposition of penalties, administrative & financial sanctions and reference to concerned law enforcement/ prosecution agencies.