Wednesday, August 8, 2012

Standard Chartered left U.S. vulnerable to terrorists

(Reuters) - A Standard Chartered Plc banking unit conducted more than $250 billion of transactions with Iran-related entities in violation of U.S. anti-money laundering laws and may lose its license to operate in New York State, a state banking regulator said on Monday.

(Reporting by Jonathan Stempel in New York; Editing by Lisa Von Ahn)

Source: http://news.yahoo.com/york-may-suspend-standard-chartered-over-iran-dealings-161014114--finance.html

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