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
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 Parent:
Britain
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.
