Standard Chartered Bank

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British Bank Settles Laundering Case for $340M

Standard Chartered was accused of scheming with Iranian government

(Newser) - New York's financial regulator said his agency has reached a $340 million settlement with Standard Chartered Bank to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007. The bank will pay the civil penalty to the state... More »

Feds Fume Over NY Attack on British Bank

Treasury Department, Fed pretty peeved over the move

(Newser) - Standard Chartered wasn't the only one caught off-guard by Monday's accusations from the New York Department of Financial Services that the bank had gone "rogue" and helped Iran hide $250 million in transactions. The Treasury Department and Federal Reserve were just as stunned by the charges, along... More »

British Bank Did Iran's Dirty Work: NY Regulators

Standard Chartered accused of helping Tehran hide $250B in transactions

(Newser) - Move over, HSBC : A new British bank is in the crosshairs thanks to its relations with Iran. New York banking regulators today accused Standard Chartered Bank of helping Tehran hide some $250 billion in transactions between 2001 and 2010, and pocketing hundreds of millions in bank fees in the process.... More »

3 Stories