Liverpool sponsors agree settlement after Iran investigation

A British bank accused of scheming with the Iranian government to launder billions of dollars has signed an agreement with New York regulators to settle their investigation with a US$340m (€261.73m) payment.

Liverpool sponsors agree settlement after Iran investigation

A British bank accused of scheming with the Iranian government to launder billions of dollars has signed an agreement with New York regulators to settle their investigation with a US$340m (€261.73m) payment.

Standard Chartered Bank said it was pleased to reach the settlement and continues working toward resolution with the Department of Justice, the Treasury and the Federal Reserve.

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited