Do Fines Really Discourage Banks From Breaking The Law?

By Syedur Rahman (June 4, 2019, 1:52 PM EDT) -- Standard Chartered PLC has hit the headlines for the size of the fines imposed on it on both sides of the Atlantic. And as fines go, they are pretty large. It has been ordered to pay a total of $1.1 billion by U.S. and U.K. authorities to settle allegations of poor money-laundering controls and the breaching of sanctions against a number of countries; including Iran....

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