Standard Chartered Bank Settles Potential Liability for Apparent Violations of Multiple Sanctions Programs: Standard Chartered Bank (“SCB”) has agreed to settle potential civil liability for apparent violations of: the Burmese Sanctions Regulations (“BSR”), 31 C.F.R. part 537; the Iranian Transactions Regulations (“ITR”), 31 C.F.R. part 560; the now-repealed Libyan Sanctions Regulations (“LSR”), 31 C.F.R. part 550; the Sudanese Sanctions Regulations (“SSR”), 31 C.F.R. part 538; and the Foreign Narcotics Kingpin Sanctions Regulations (“FNKSR”), 31 C.F.R. part 598. SCB’s settlement with the Office of Foreign Assets Control (“OFAC”) is part of a global settlement among SCB, OFAC, the U.S. Department of Justice, the New York County District Attorney’s Office, and the Federal Reserve Board of Governors. The bank agreed to settle with OFAC the apparent violations of OFAC regulations, which OFAC determined were egregious except for the apparent violations of the FNKSR, for $132,000,000, with the obligation deemed satisfied by payment of a greater amount in satisfaction of penalties assessed by U.S. federal or county officials arising out of the same pattern of conduct.