Fraud & Ethics
Regulation, Risk & Compliance
Uncategorized
Wealth and Asset Management
Standard Chartered faces suspension over Iran transactions
Standard Chartered bank illegally "schemed" with Iran to launder as much as $250bn (£161bn) for nearly a decade, a US regulator says. The New York State Department of Financial Services said that the bank hid 60,000 secret transactions for "Iranian financial institutions" that were subject to US economic sanctions. It…
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Click here to read the full story: BBC