Standard Charted Agrees to Settle Iran Money Transfer Claims

December 10, 2012


Jessica Silver-Greenberg


New York Times

Standard Chartered agreed to pay a settlement of $327 million to settle claims by the U.S. Justice Department that the British bank had concealed transactions with Iran and Sudan. In September 2012, Standard Chartered also settled claims with the New York Department of Financial Services by agreeing to pay a $340 million settlement.