Standard Chartered to pay $670m to settle Iran sanctions allegation

Standard Chartered warned on Thursday that it now expects to pay a total of $670m to US regulators to settle allegations that it breached sanctions with Iran. In a trading update, the bank admitted it expected to pay another $330m on top of the $340m paid to New York’s department of financial ser…

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Standard Chartered to pay $670m to settle Iran sanctions allegation

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