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.