Bank names ex intelligence chief as compliance officer

Standard Chartered bank has appointed a former US military intelligence officer to head its sanctions compliance in New York, where the Asia-focused bank’s conduct is under scrutiny from authorities.

London-based Standard Chartered yesterday said it made several appointments to its financial crime compliance team. Standard Chartered has had a tough time with US and New York authorities since being fined three years ago for sanctions-related violations. Deferred prosecution agreements from the 2012 deals remain in effect.

The bank said Steve Munro would head its sanctions compliance, based in New York. Mr Munro joins from GE Capital, where he was global anti-money laundering leader.