Bloomberg - Standard Chartered Plc agreed Tuesday to pay more than $1 billion to resolve a long-running investigation into its handling of transactions that violated economic sanctions, a penalty whose severity reflects the London-based lenders repeated violation of U.S. sanctions on Iran. A bank employee who worked in the United Arab Emirates pleaded ...

Standard Chartered (STAN.L) was still reviewing if some of its clients were Iranian or Iran-connected entities in 2013, the Financial Times said, saying it had identified transactions that could put the bank at risk of more U.S. penalties. The London-listed bank's shares were down 2.4 percent at 705.6 pence by 0300 EDT, underperforming a flat European ...

Standard Chartered is facing further heavy fines and possible criminal prosecutions over alleged breaches of US sanctions against Iran. The bank is under investigation by the Department of Justice over allegations it violated the terms of a 2012 settlement, the Sunday Times reported. Three years ago it paid $US667 million ($953m) in penalties ...

By AFP NEW YORK The British bank Standard Chartered is close to reaching a $300 million settlement with US authorities over allegations it violated sanctions on Iran, according to the Wall Street Journal. Citing unnamed officials, the Journal reported late Wednesday that the settlement would conclude investigations by the US Justice Department,...

Standard Chartered Bank Plc may have committed trade-sanctions violations beyond those covered by a 2012 settlement for doing prohibited business withIranand will remain under investigation and U.S. oversight for three more years, prosecutors said. New information indicates that the bank may have been unlawfully processing U.S. dollar transactions ...

(Reuters) - U.S. authorities are investigating London-based Standard Chartered Plc (STAN.L) for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe. The latest investigation involving the bank is based, in part, from evidence that emerged during a separate ...

The British bank Standard Chartered reached a deal with federal and state prosecutors on Monday over accusations that it had illegally funneled money for Iranian banks and corporations. The 150-year-old bank will pay $327 million to settle claims by the Justice Department, the Manhattan district attorneys office, the Federal Reserve Bank of New York ...