Reuters reports that allegations that a banking unit of
Standard Chartered Plc schemed with Iran to conceal billions of dollars in
transactions have dragged Deloitte into the spotlight in another hit to the
global accounting and consulting firm.
The New York State Department of Financial Services, in a
case involving U.S. anti-money laundering laws, on Monday said Deloitte LLP
consultants hid details from regulators about Standard Chartered Bank's
transactions with Iranian clients.
The bank's actions "left the U.S. financial system
vulnerable to terrorists, weapons dealers, drug kingpins and corrupt
regimes," Benjamin Lawsky, superintendent of the department, said in an
order made public on Monday
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