In this article

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.

Organisations


Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top