Liverpool FC sponsor set to pay $670m in claim settlements

Scandal-hit Standard Chartered today warned it expects to pay a total of $670m ($511.6m) to settle allegations that it breached sanctions with Iran.

Liverpool FC sponsor set to pay $670m in claim settlements
Thu, 06 Dec, 2012 - 10:51

Scandal-hit Standard Chartered today warned it expects to pay a total of $670m ($511.6m) to settle allegations that it breached sanctions with Iran.

The bank was accused by regulators in August of exposing the United States to terrorists and drug kingpins by hiding $250bn (€190.9bn) of transactions with Tehran.

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CourtsBusinessHeathrowPlace: United StatesPlace: TehranPlace: New YorkOrganisation: Liverpool FCOrganisation: Standard CharteredOrganisation: IranOrganisation: StandardOrganisation: Department of Financial Services
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