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Times of India
| 10 months ago
Standard Chartered whose outsourcing of key oversight jobs to India has come under the US scanner in separate probes related to issues like money laundering and terror financing . Both the matters have come to the fore in less than a month's time,...
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Ridgefield Park Patriot
| 10 months ago
Sunday, August 12, 2012 The Record To see how the federal government has pursued money-laundering cases against big banks over their dealings with Iran and other countries under U.S. trade sanctions, consider what happened when Barclays Plc and the...
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BDNews24
| 10 months ago
It was in October 2006 that a senior executive at Standard Chartered in New York pressed the alarm bell over the bank's dealings with Iranian customers. Realizing the bank was being too slow to react to regulators' concerns that the transactions...
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The Independent
| 10 months ago
News in pictures However the Standard Chartered sanctions-busting saga pans out, chief executive Peter Sands looks like a human political football. As he limbers up for Wednesday's hearing into allegations that his bank aided hot-potato public...
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Guardian Unlimited
| 10 months ago
Shares in Standard Chartered bank went into freefall over fears that it could lose its crucial US banking licence. Photograph: Kin Cheung/AP At mid-morning a text message interrupted Peter Sands on his Canadian holiday. The boss of Standard Chartered...
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United Press International
| 10 months ago
U.S. banking regulators said the global industry was growing worried about the fallout from accusations made by their counterparts with the State of New York. Benjamin Lawsky's allegations this week that Britain's Standard Chartered took part in...
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International Business Times
| 10 months ago
You [expletive] Americans," Richard Meddings, then executive director for risk at British bank Standard Chartered, wrote a U.S.-based subordinate in an October 2006 email, replying to concerns that the bank's activities with Iranian clients were...
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Times of Oman
| 10 months ago
Chancellor of the Exchequer George Osborne spoke with US Treasury Secretary Timothy Geithner on three occasions over two days this week concerning a New York regulator's investigation of Standard Chartered, according to a British government official.
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Independent
| 10 months ago
Saturday August 11 2012 New York's financial enforcer has accused UK bank Standard Chartered of laundering $250bn on behalf of Iran BEN Lawsky, the New York state financial regulator, has accused UK bank Standard Chartered of laundering $250bn (203bn)...
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The New York Times
| 10 months ago
Lawsky, who leads the New York Department of Financial Services, upended the regulatory landscape on Monday by accusing Standard Chartered of scheming with the Iranian government for nearly a decade and hiding from regulators $250 billion in...
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International Business Times
| 10 months ago
Standard Chartered, the British bank facing explosive money laundering allegations from New York State's top bank regulator, appears to have been burned by a decision to waive attorney-client privilege, a move that usually helps appease U.S.
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The Independent
| 10 months ago
News in pictures US Outlook Standard Chartered was no rogue bank. In fact, it might have been one of the financial institutions that was most helpful to the US Treasury here as America has ratcheted up financial pressure on Iran over the past decade.
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International Business Times
| 10 months ago
Standard Chartered is in talks with multiple law-enforcement officials, including New York 's banking regulator, to resolve a probe into improper Iranian money transactions by the British bank, according to people familiar with the situation. The...
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The Guardian
| 10 months ago
Treasury Secretary Timothy Geithner commenting on the Libor-fixing scandal at a hearing of the US Senate committee on banking, in Washington, DC, on 26 July. Photograph: Brendan Smialowski/AFP/Getty Images The current war of words between the US and...
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Russia Today
| 10 months ago
Standard Chartered saw its shares tumble 25% at some point in London on Tuesday, slashing $9.9 billion off its market value after New York's top banking regulator warned the bank it may lose the right to operate in the state after money-laundering.
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Reuters
| 10 months ago
Analysis & Opinion An exterior view of the Standard Chartered headquarters is seen in London August 7, 2012. A New York state case against Standard Chartered Plc is more about whether the British bank carried out an old-fashioned cover-up using...
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International Business Times
| 10 months ago
A New York state case against Standard Chartered Plc is more about whether the British bank carried out an old-fashioned cover-up using allegedly false records and less about the role the bank played in the alleged money-laundering of funds tied to...
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The New York Times
| 10 months ago
Lawsky, head of the New York Department of Financial Services, at his office in Lower Manhattan. A former prosecutor himself, Mr. Lawsky wanted to give the district attorney, Cyrus R...Even though Mr. Vance's office and several federal authorities,...
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United Press International
| 10 months ago
U.S. and state regulators are trying to set ground rules for negotiating with Standard Chartered Bank, accused of hiding money for Iran, insiders say...Treasury and Justice departments, the Federal Reserve, and Manhattan district attorney's office...
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The Guardian
| 10 months ago
Tony Kyriacou / Rex Features Claims that Standard Chartered broke US sanctions against Iran could result in its credit rating being downgraded, the agency Fitch warned on Thursday. The agency said it was still "too early" to judge the outcome and...
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The New York Times
| 10 months ago
Proponents of the status quo in the financial sector just cannot catch a break. Early August is supposed to be a time when regulators and markets slow down, or perhaps even take a vacation. But this year news of mismanagement or worse continues to...
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The Guardian
| 10 months ago
While the headlines are focused on Standard Chartered, today's major sanction-busting deals are being done by firms that are not household names.' Photograph: Yui Mok/PA As this week's money-laundering allegations against Standard Chartered bank show...
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Denver Post
| 10 months ago
The Bank of England criticized New York financial regulators Wednesday for unilaterally accusing Standard Chartered of illegally laundering oil money for Iran, while the chief executive of the embattled London bank denied claims of systematic...
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Newyork Times
| 10 months ago
The details in each case are different, with the international banks suspected of using their American subsidiaries to process tainted money for clients that included Iran, Cuba, North Korea, sponsors of terrorist groups and drug cartels. What the...
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Mail Online UK
| 10 months ago
The Mayor of London and the Bank of England leapt to the defence of embattled Standard Chartered yesterday, joining a backlash against US attacks on the City of London. Boris Johnson accused US regulators of beating up British banks', warning them...
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The New York Times
| 10 months ago
The details in each case are different, with the international banks suspected of using their American subsidiaries to process tainted money for clients that included Iran, Cuba, North Korea, sponsors of terrorist groups and drug cartels. What the...
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Washington Post
| 10 months ago
Iranian Transactions Regulation authorized U.S. depository institutions to process funds transfers to and from Iran, or for the direct or indirect benefit of persons in Iran, if the transfers: Why does any of this matter? According to Standard...
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Jerusalem Post
| 10 months ago
Our mantra has always been that the best way of fighting state-sponsored terrorism is to make the cost of that terrorism unacceptably high, Drennan said...Iran, is the latest in a series of courtroom victories for victims of the Beirut barracks...
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Newyork Times
| 10 months ago
In this summer of revelations about bad behavior by British financial institutions, bashing the banks has been London's other Olympic sport. Chris Ratcliffe/Bloomberg News Mervyn King, governor of the Bank of England, seemed to defend Standard...
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BBC
| 10 months ago
Does the US have a legitimate right to intervene in the behaviour of companies and individuals, or indeed of countries, operating beyond its own borders? The question is pertinent and timely, given that Standard Chartered, a UK bank, was accused this...
