Tag: Britain's Financial Conduct Authority (FCA)

• Wednesday, April 10th 2019 - 09:39 UTC

  Standard Chartered fined US$ 1,1bn for helping Iran and £102m to Britain's Financial Conduct Authority

  

  Standard Chartered bank is being fined US$1.1bn for violating US sanctions against Iran and over inadequate financial crime controls The penalties, imposed in connection with a range of different investigations in the US and the UK, all date back to before 2014.

• Tuesday, April 9th 2019 - 06:54 UTC

  Standard Chartered could pay some US$ 1 billion to resolve an investigation into Iran US sanctions violations

  

  London based Standard Chartered is expected to pay slightly more than US$1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a report from Reuters.

• Tuesday, January 31st 2017 - 22:06 UTC

  Deutsche Bank fined in US and UK for helping Russians money launder

  

  Deutsche Bank has been fined US$630m by US and UK regulators in connection with a Russian money laundering plan. Under the scheme, clients illegally moved US$10bn out of Russia via shares bought and sold through the bank's Moscow, London and New York offices.