IRAN
US Continues Iran Clamp-Down, As Standard Chartered Pays Penalty
Standard Chartered has agreed to pay a $340mn penalty to a New York regulator after being accused of conducting a $250bn Iran sanctions-busting operation. But investigations by other regulators into the UK bank’s Iran dealings continue, and other lenders are also under scrutiny. Against this backdrop of enforcement, US Congress is working on legislation to tighten sanctions...
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