Standard Chartered to pay $327 mn to settle US sanctions probe | Bangkok Post: news

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Standard Chartered to pay $327 mn to settle US sanctions probe

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British bank Standard Chartered will pay the United States $327 million to settle charges it violated US sanctions on Iran as well as on Myanmar, Libya and Sudan, the US Treasury announced Monday. 

The headquarters of Standard Chartered Bank in London. British bank Standard Chartered will pay the United States $327 mn to settle charges it violated US sanctions on Iran, Myanmar, Libya and Sudan, the US Treasury announced Monday.

US authorities said the bank had stripped messages on financial transfers routed through US banks of information that would show the beneficiaries were businesses and entities that fell under US sanctions.

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