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 said on Tuesday. 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. [Reuters]
Standard Chartered Chairman Misspoke When He Called Iranian Money-Laundering Business A 'Clerical Error'
Apparently, when you've accepted responsibility for laundering money for rogue states—and entered into a deferred-prosecution agreement—you can't turn around and refer to said money-laundering as NBD. Duly noted.
Standard Chartered Missing Those Good Old Money Laundering Days
The bank reported its first annual loss since 1989 today.
Layoffs Watch '15: Standard Chartered Has A Three-Year Plan
...it involves unburdening itself of 5-figures worth of employees.
Standard Chartered CEO's Crack Down On Badly Behaving Bankers Has Reached Hashtag-Level Serious
Everyone should be quaking in their boots.
Citigroup Maybe Let Customers Launder Money Through Mexico
Which is typically frowned upon.
CEO Ordered To Pay $18 Million For Sexually Harassing Employee Maybe Also Dabbled In Money Laundering On The Side
Benjamin Wey apparently had a lot of balls in the air.