Standard Chartered to Pay $340M Over Iran Laundering Allegations
The settlement resolves an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007.
N.Y. Action on Standard Chartered Surprised Other Regulators
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
New York Regulator Threatens to Suspend Standard Chartered Over Iran Dealings
The New York Department of Financial Services has warned the British bank Standard Chartered that it could be suspended from doing business in the state over charges that it violated money-laundering laws in dealings with institutions in Iran that are subject to U.S. economic sanctions.