1 year's jail for HK$13m export invoice financing loans fraud
ICAC, 31-Jul-2018
Ex-head of private banking at Standard Chartered China charged with accepting HK$150k bribe from insurance headAppointment
ICAC, 9-Jan-2018
According to his LinkedIn profile, Ryan Gwee Yuan Kerr left Standard Chartered in Nov-2011. A Standard Chartered press release from 17-Jan-2011 announcing his appointment as Head of Private Banking, China, stated that he had then been with the bank for over 10 years. The ICAC does not name the "chairman cum major shareholder of an insurance company" who allegedly bribed Mr Gwee.
SFC fines StanChart HK$2.6m for short selling & FRR breaches
SFC, 18-Dec-2017
SFC fines former Standard Chartered Investment Services Ltd HK$3m
SFC, 3-Jan-2017
For a total of 9 years in periods between 2000 and 2015, it didn't have the minimum of 2 key personnel with 5 years' experience managing retirement funds or public funds. Holders of Standard Chartered MPF products might have cause for complaint.
Home Shan't Be China
HSBC's decision to stay put is unsurprising, not just because of the reduced UK bank levy, but because of the risks of moving to what is increasingly seen as one country rather than two systems. (15-Feb-2016)
StanChart (2888): holders of unsubscribed rights to receive payment
Company announcement, 11-Dec-2015
The shares were placed out at 505p, a premium to the 465p rights issue price, so those in HK who did not take up their rights will get 40p for each rights share, minus expenses, converted to HKD. Unlike HK, the UK Listing Rules require issuers to protect inactive shareholders by doing this. For all other HK rights issues, this never happens, thereby stealing from sleeping holders. When will HK upgrade shareholder protection?
Webb on "Newswrap" re HSBC/StanChart possible redomicile
RTHK, 20-Apr-2015
SFC bans Wong Chun Yin for life
SFC, 10-Mar-2015
Duo jailed for HK$3.3m loans fraud & money laundering
ICAC, 16-Feb-2015
Yes, the people behind Honest (HK) Manufacturing were jailed for dishonesty.
Ex-PrimeCredit employees jailed for illegal rebates scam
ICAC, 19-Nov-2014
PrimeCredit is ultimately owned by Standard Chartered plc (2888), which has been trying to sell it.
US action against StanChart (2888)
HK Monetary Authority, 20-Aug-2014
Regarding the suspension of USD clearing for "high-risk" retail business clients, the HKMA has no "significant supervisory concerns" and has "required SCBHK to take appropriate actions regarding the affected customers and to minimize possible disruptions to their day to day operations".
StanChart (2888) US$300m penalty and suspension of business for "HK high-risk retail business clients"
NY State Department of Financial Services, 19-Aug-2014
The criteria for what is a "high-risk client" are not disclosed but are agreed between SCB and its monitor. Presumably SCB will carry on offering non-USD clearing services to these clients? The HKMA says it has no "significant supervisory concerns".
Duo in court for alleged HK$3.3m loans fraud and money laundering
ICAC, 11-Jul-2014
Yes, really, the company name is "Honest (HK) Manufacturing Ltd".
HK media worries over China’s reach as ads disappear
New York Times, 11-Jun-2014
HK's outspoken media chiefs are facing growing intimidation
Sydney Morning Herald, 31-May-2014
In this article, Next Media spokesman Mark Simon alleges that HSBC and Standard Chartered have ended their advertising on request from Beijing.
SFC bans Helen Chow Hoi Ching & Choy Cheuk Tung forever
SFC, 7-May-2014
AIA/SCB trio in court for alleged insurance policy and commissions fraud
ICAC, 17-Apr-2014
Women on boards flatlineData
Community Business, 4-Mar-2014
The report shows that women held 9.6% of HSI board positions at 2-Jan-2014. Across all HK-listed boards, Webb-site Who's Who shows the figure at 10.9%. The report is sponsored by Standard Chartered plc (2888), which has 9.5% female directors (2/21). StanChart is also a big sponsor of HK's 30% Club run by the Women's Foundation. "Do as we say and not as we do..."
SFC bans Ms Lo Hoi Luen forever
SFC, 6-Feb-2014
HKSAR v Choy Cheuk Tung
HK District Court, 5-Dec-2013
Crooked bank teller shocks judge
HK Standard, 3-Jan-2013
By knocking off Hang Seng Bank, then going to jail, then getting work at Standard Chartered, where pre-employment procedures may need review. Will he go for the hat-trick?
Standard Chartered reaches final settlement with US authorities
Company announcement, 11-Dec-2012
So there were total sanctions-busting transactions of $24m Iranian and $109m other-countries entities, out of $139 trillion, or about $1 for every $1m processed. On $133m of payments, the revenue would have been tiny. Even at 1%, this would be $1.33m before costs, but the settlements now amount to $667m plus legal costs. This is not so much a settlement as a shake-down.
Standard Chartered Bank reaches US$327m settlement for illegal transactions
Manhattan District Attorney, 10-Dec-2012
US Treasury reaches US$132m settlement with Standard Chartered Bank
US Treasury, 10-Dec-2012
US Federal Reserve Board $100m action against Standard Chartered
US Federal Reserve Board, 10-Dec-2012
Why $100m exactly? Because humanity counts in base 10.
Standard Chartered agrees to forfeit US$227m for illegal transactions
DC District Attorney, 10-Dec-2012
Standard Chartered deferred prosecution agreement
US Department of Justice, 7-Dec-2012
StanChart (2888) pays US$340m in NY DFS settlement...
Company announcement, 15-Aug-2012
...or "shakedown" in our view. The NY Times reports that the Federal Justice Department was on the brink of deciding not to pursue criminal charges, after concluding that virtually all of the transactions with Iran complied with US law.
StanChart "strongly rejects the position and portrayal of facts" in NY DFS claim
Company announcement, 7-Aug-2012
Proceedings against Standard Chartered Bank
NY State Department of Financial Services, 6-Aug-2012
This could potentially cripple Standard Chartered's ability to clear US dollar transactions via the USA, but is it just grandstanding by Andrew Cuomo's newly-formed regulator? Why is a US State doing this rather than the US Federal Government?
Ex-Standard Chartered manager jailed for stealing HK$20m
ICAC, 28-Feb-2011
HKSAR v Lo Hoi Luen
HK District Court, 8-Feb-2010
SFC reprimands Standard Chartered Bank (Hong Kong) Ltd over mutual fund timing
SFC, 6-Jan-2009

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