Another British bank, Standard Chartered, meanwhile has agreed to pay a $327 million fine to federal and New York prosecutors to settle allegations of hiding hundreds of billions of dollars in transactions linked to Iran, Sudan and other U.S.-blacklisted countries. Regulators say Standard Chartered flouted U.S. economic sanctions to hide tens of thousands of transactions over nearly a decade, generating hundreds of millions of dollars in fees. Standard Chartered paid a separate $340 million fine to New York banking authorities earlier this year.
Standard Chartered Bank Fined for Allegedly Flouting U.S. Sanctions
HeadlineDec 11, 2012