Violation Tracker Individual Record
Company:
Standard Chartered Bank
Current Parent Company:
Standard Chartered
Penalty:
$180,000,000
Year:
2019
Date:
April 9, 2019
Offense Group:
financial offenses
Primary Offense:
economic sanction violation
Violation Description:
The Department of Financial Services fined Standard Chartered Bank $180 million for violating sanctions laws that concealed illegal financial transactions clients engaged in with Iran and other sanctioned countries. At the same time, Standard Chartered agreed to a $292 million settlement with the Manhattan District Attorney and settlements with federal agencies (see separate entries).
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 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.
