Federal and state regulations prohibit certain kinds of conduct by banks. That includes money laundering and dealing with Iran. Standard Chartered violated both ends of that - they not only engaged in money laundering deals with Iran, but lied to regulators and sought to cover up their activities.
Benjamin M. Lawsky, New York Superintendent of Financial Services, claimed that Standard Chartered
Tuesday, 14 August 2012
Standard Chartered Agrees To $340 Million Fine From NYS Regulator
Posted on 17:10 by Unknown
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