Violation Tracker Individual Record

Company: 
Standard Chartered Bank
Current Parent Company: 
Standard Chartered
Penalty: 
$292,000,000
Year: 
2019
Date: 
April 9, 2019
Offense Group: 
financial offenses
Primary Offense: 
economic sanction violation
Violation Description: 

Standard Chartered bank agreed to $292 million to the Manhattan District Attorney as part of a deferred prosecution agreement resolving accusations it illegally altered banking records to enable foreign clients to avoid U.S. sanctions. At the same time, the bank reached settlements with New York State, the U.S. Justice Department, and federal and UK banking regulators.

Level of Government: 
local
Action Type: 
agency action
Agency: 
Manhattan (NY) District Attorney
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
Private Lawsuit Resolution Type: 
settlement
Facility State: 
New York
Facility County: 
New York
Facility City: 
New York
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.