StanChart to pay $330 mn to settle US Iran probe | Bangkok Post: news

News > World

StanChart to pay $330 mn to settle US Iran probe

- +

British bank Standard Chartered said on Thursday it expects to pay around $330 million to settle with US authorities "very shortly" over allegations it violated sanctions on Iran.  

The headquarters of Standard Chartered Bank in London, pictured in August. British bank Standard Chartered said on Thursday it expects to pay around $330 million to settle with US authorities "very shortly" over allegations it violated sanctions on Iran.

The sum comes on top of a $340 million fine it paid in August to settle a case in New York state, where regulators had accused it of hiding some $250 billion in transactions with Iranian banks, charges denied by the lender.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments