In addition to the civil penalty, the bank agreed to install
a monitor for at least two years to evaluate the bank's money-laundering risk
controls in its New York branch, the department said in a statement.
Tuesday, August 14, 2012
Standard Chartered Ready To Put The Whole Money Laundering Thing Behind Them
Enough shitty publicity already! Standard Chartered Plc has
agreed to pay $340 million to settle allegations that it hid transactions with
Iran from regulators, the New York Department of Financial Services told
Reuters on Tuesday.
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