Standard Chartered fined for breaking Iran sanctions

Standard Chartered fined for breaking Iran sanctions

Standard Chartered Bank agreed Tuesday to pay US and British authorities more than $1 billion to resolve allegations that it processed transactions for customers in Iran and other countries under US sanctions. The bank said it accepts full responsibility for the new batch of violations and for the internal lapses that allowed the illegal transactions to go unchecked.

KCooper
KCooper
Hannibal
Hannibal 8 months

Are bankers immune from arrest unless they steal from the rich? Fines are great but handcuffs are a far more effective deterrent.

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