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Standard Chartered Money Laundering


REUTERS | Karen Freifeld | Posted 06.18.2013 | Business

(Reuters) - Deloitte Financial Advisory Services settled with New York's banking regulator over its consulting work for Standard Chartered Bank on mon...

How Dare DOJ Insult HSBC's Crooks as Less 'Professional' Than Liberty Reserve's Crooks?

William K. Black | Posted 07.30.2013 | Business
William K. Black

Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.

Report: Big Bank To Pay Up Over Doing Business With Iran

Reuters | Posted 05.24.2013 | Business

FRANKFURT, March 24 (Reuters) - Deutsche Bank is bracing for more than 300 million euros ($390 million) in charges linked to suspected violations of...

Bank Chairman Admits To False Statements

Reuters | Steve Slater and Aruna Viswanatha | Posted 03.22.2013 | Business

LONDON/WASHINGTON (Reuters) - Standard Chartered bowed to pressure from U.S. authorities and apologized on Thursday for comments by the bank's chairm...

Bank Cuts CEO's Bonus After Paying Massive Fines For Scandal

Reuters | Posted 05.04.2013 | Business

* 2012 pretax profit up 1 pct to $6.9 bln * Bonus pool cut by 7 percent to $1.4 bln * CEO bonus cut 10 pct to $3.15 mill...

Mark Gongloff

Bank CEO Whines About Regulation After Paying Massive Fine | Mark Gongloff | Posted 01.23.2013 | Business

We can only hope that the World Economic Forum in Davos keeps going on forever, because the thin Swiss air seems to be making bankers stay stupid thin...

Mark Gongloff

Obama Administration's Terrible Message To Big Banks | Mark Gongloff | Posted 12.12.2012 | Business

One of the great things about being too big to fail is that you're also too big to jail, apparently. So saith the Obama administration, via the New...

The High Engagement Work Culture: A New Perspective for Framing the Debate About Capitalism

Peter Smirniotopoulos | Posted 12.04.2012 | Business
Peter Smirniotopoulos

To my knowledge, no one has taken a look at the symptomatology leading up to the 2008 crash from the perspective of Wall Street's prevailing corporate culture, with the insights only these two authors can provide.

Moving Money Laundering Investigations Into Top Gear

Frank Vogl | Posted 08.15.2012 | Business
Frank Vogl

Standard Chartered Bank has agreed to settle charges that it engaged in as much as $250 billion of illicit banking transactions on behalf of Iran in recent years. But this is not the end of its troubles. It's just the beginning.

Well Then It's Settled?

The Huffington Post | Jillian Berman | Posted 08.15.2012 | Business

Thing One: It's Settled? Well it looks like that ‘rogue’ New York regulator won this one. Standard Chartered, the British bank accused of helping...

Bank To Pay Big Over Iran Dealings

Reuters | Posted 10.14.2012 | Business


How A 'Rogue' Bank May Have Burned Itself

Reuters | Posted 10.10.2012 | Business

* Standard Chartered waived attorney-client privilege * Said wanted to ensure all US agencies had proper info * NY bank ...

'Rogue' New York Regulator Benjamin Lawsky Sets Feds Scrambling In Standard Chartered Laundering Case

Mark Gongloff | Posted 10.10.2012 | Business
Mark Gongloff

A little-known bank regulator from a young New York agency might just shame federal regulators into getting tougher with the banks. Or he should, anyway.

Let's Settle This Little Bank Mess Discreetly, Please

The Huffington Post | Jillian Berman | Posted 08.10.2012 | Business

Thing One: Let's Settle This In Private: British officials are hoping they can convince Washington regulators to settle this whole U.K.-bank-launderin...

U.S. Probing Bank Money Laundering, Takes Violations 'Extremely Seriously'

Reuters | Posted 10.08.2012 | Business

WASHINGTON, Aug 8 (Reuters) - The U.S. Treasury told the British government on Wednesday that it takes financial sanctions violations "extremely ser...

How Dare He Bring Charges Against This Bank!

The Huffington Post | Mark Gongloff | Posted 08.08.2012 | Business

Thing One: How Dare You? Boy, New Yorkers sure are rude, aren't they? Take New York's top banking regulator, Benjamin Lawsky, who had the utter gal...

'You F*cking Americans. Who Are You To Tell Us, The Rest Of The World That We're Not Going To Deal With Iranians?'

Reuters | Posted 10.08.2012 | Business

By Carrick Mollenkamp NEW YORK, Aug 8 (Reuters) - Standard Chartered Plc's Group Finance Director Richard Meddings was the executive...

Bank Takes Huge Hit Over Iran Money-Laundering Allegations

Reuters | Posted 10.07.2012 | Business

* NY regulator says more than $250 bln transactions hidden * Bank say regulator's order not "full and accurate" * White ...