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StanChart to pay $330million to U.S. regulators for Iran transactions

Standard Chartered expects to pay $330 million to settle a case with U.S. regulators who accused the Asia-focused bank of failing to comply with sanctions against Iran,further denting profit growth this year.

 

Standard Chartered Settles With New York for $340 Million

New York’s top banking regulator had charged the British bank with laundering $250 billion in tainted money for Iranian clients.

 

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