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Violation Tracker Individual Record

Company: Standard Chartered Bank
Current Parent Company: Standard Chartered
Penalty: $340,000,000
Year: 2012
Date: August 14, 2012
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: Standard Chartered agreed to pay $340 million to settle money laundering allegations in transactions involving Iran.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.