UK bank fined for Iran dealings
- 12 years ago
UK-based Standard Chartered has agreed to pay $340m to settle allegations that it hid $250bn in transactions with Iran from New York state regulators in violation of US sanctions.
The bank was accused of scheming for nearly a decade with Iran to hide transactions worth 250 billion dollars.
Al Jazeera's Cath Turner reports from New York.
The bank was accused of scheming for nearly a decade with Iran to hide transactions worth 250 billion dollars.
Al Jazeera's Cath Turner reports from New York.