Standard Chartered Pays $1B To Settle Sanctions Violations
Law360, London (April 9, 2019, 3:49 PM BST) -- Standard Chartered has agreed to pay more than $1 billion to end a five-year probe into suspected breaches of sanctions against Iran and a related investigation into the bank's financial controls, U.S. and U.K. regulators said Tuesday.
The London-based multinational bank has reached separate settlements with the Financial Conduct Authority in Britain and regulators and agencies in the U.S. over sanctions violations. (AP) The London-based multinational bank has reached separate settlements with the U.K.'s Financial Conduct Authority, the U.S. Department of Justice, the New York Department of Financial Services, the U.S. Treasury Department and the Manhattan District Attorney for allegedly concealing transactions...
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