Standard Chartered pays $340 million to settle allegations14/08/2012 - 19:51:07
Standard Chartered has agreed to pay $340 million to settle allegations that it hid transactions with Iran from regulators.
In addition to the civil penalty, the London-based bank has agreed to increase checks to prevent money-laundering at it's New York branch.
Standard Chartered denies claims from US regulators that it was a "rogue institution" for breaking US sanctions on Iran.
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