Standard Chartered Agrees to Pay a USD 1.1 Billion Fine for AML & Sanctions Violations

On 9 April 2019, the London based global financial institution, Standard Chartered (the ‘Bank’) agreed with the UK and US regulators to pay a combined USD1.1 billion fine for failings in its Anti-Money Laundering (AML) controls and for violations of its obligations under the US sanctions regime. Read the full article here.