The expected total payout also covers a roughly $134 million penalty from Britain’s Financial Conduct Authority related to historical financial crime controls. Standard Chartered declined to comment. Investigators said the company also once had an account with Standard Chartered, the person said. Standard Chartered said in February it had set aside $900 million related to the potential resolution of violations of US sanctions and foreign exchange trading. A resolution of the FCA probe is expected at the same time as the US settlements.

Source: bd News24 April 08, 2019 20:37 UTC