Reuters was first to report that London-based Standard Chartered was expected to pay just over $1 billion to resolve a years-long investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities, as well as a related U.K. probe – news which was confirmed the following day. The settlement by the London-based bank is among the most severe imposed for sanctions violations, some of which occurred not long after Standard Chartered settled similar charges in 2012.
Reuters first to report Standard Chartered to pay over $1 billion for sanctions violations
08 April 2019, 12:00 am 1 minute
Type: Reuters Best