Standard Chartered (STAN) is in trouble with US banking regulators over allegations that it failed to identify suspicious transactions involving Sudan, Iran, Libya and Myanmar. The latest development follows sanction violations that two years ago resulted in a fine of $667m (£399m), and the bank is expected to pay up a further $300m to settle the latest charge.
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The bank may also attract additional disciplinary measure such as extending the contract of an independent monitor appointed to root out dubious transactions.
