ADVERTISEMENT
Standard Chartered to pay $327 million to resolve US sanctions case
10 Dec 2012, 09:00 PM IST
British bank Standard Chartered will pay $327 million to resolve allegations that it violated US sanctions and other laws, the Federal Reserve said on Monday.
The bank separately entered into deferred prosecution agreements with the US Justice Department and the New York District Attorney, and will forfeit $227 million in connection with those agreements, the Fed said.
Copyright @ Thomson Reuters 2012
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT