21st Aug 2015 15:23
LONDON (Alliance News) - A whistleblower has provided evidence that helped US authorities reopen an investigation into Standard Chartered PLC over possible sanctions violations, the Financial Times reported Friday, citing people familiar with the probe.
The British Bank is subject to an investigation by the US Department of Justice, the Manhattan district attorney and the Department of Financial Services, centred around whether the bank breached sanctions after the period covered by a settlement it made in 2012 over similar allegations by processing US dollar transactions, including those involving Iran-controlled entities in the United Arab Emirates.
Shares in Standard Chartered were down 3.7% at 784.90 pence Friday afternoon.
http://www.ft.com/cms/s/0/adfdeba2-4742-11e5-b3b2-1672f710807b.html#axzz3jSll2cF6
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Standard Chartered