All tagged New York State Department of Financial Services

Standard Chartered Reaches $1.1 bn US Settlement on Iran Sanctions

◢ Standard Chartered will pay USD 1.1 billion to settle charges it processed transactions that violated US sanctions on Iran and other prohibited countries, US regulators announced Tuesday. The penalty covers some USD 600 million in US transactions from 2008 to 2014 that originated at Standard Chartered's London and Dubai offices.