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Bank Settles Iran Money Case.
- Source :
-
Wall Street Journal - Eastern Edition . 8/15/2012, Vol. 259 Issue 37, pA1-A2. 2p. 1 Color Photograph, 1 Chart. - Publication Year :
- 2012
-
Abstract
- The article reports that British banking company Standard Chartered PLC has reached a $340 million settlement of allegations by the New York Department of Financial Services that it violated U.S. money-laundering laws by concealing some 60,000 transactions with Iranian clients over a ten-year period. Standard chief executive Peter A. Sands has agreed to key points of the accord, although final language has yet to be drafted.
- Subjects :
- *LEGAL settlement
*MONEY laundering lawsuits
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 259
- Issue :
- 37
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 78534674