HBL clarifies news item
•We are aware of the news item published by Bloomberg.
•The allegations in the complaints are meritless, and HBL is contesting them fully and vigorously.

•The public record is clear that HBL is unwavering in its commitment to combating the financing of terrorism, and—as has been well documented—its extensive global implementation of anti-money laundering compliance controls has been highly successful and lauded by regulators

around the world.
•HBL’s motion was successful in two respects : The Court dismissed the primary liability claim and narrowed the case substantially.
•The court also stated Secondary liabilities will be evaluated following due legal proceedings and no judgement was passed

by the court on this matter .
•HBL proactively initiated a business transformation program, in early 2018, around its control and compliance processes and systems to adhere to international standards.
•HBL has made investments in management time and resources to strengthen

its AML and CFT protocols by partnering with global experts in this field.
•The Bank seeks to adhere to the highest standards of Compliance with international and country laws and regulations.