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Midweek Roundup: Standard Chartered Answers NY Regulator, U.S. Treasury Sanctions Three Sinaloa Operatives, and More
printStandard Chartered Bank responded to allegations of sanctions and compliance failures made by the New York Department of Financial Services (NYSDFS) in an order issued Monday. The London-based institution said that NYSDFS did not paint "a full and accurate picture of the facts" since well over 99% of its historical Iranian U-turn transactions complied with U.S. regulations. Standard Chartered also said it self-disclosed the potential violations to U.S. regulators and law enforcement agencies in 2010. More Separately, Standard Chartered market capitalization dropped $16 billion on Tuesday on news of its regulatory troubles. More The bank is scheduled to attend a...
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