Standard Chartered To Pay $330M More Over Iran Violations

Law360, New York (December 6, 2012, 4:39 PM EST) -- Standard Chartered PLC announced Thursday that it expects to pay about $330 million to U.S. authorities to resolve claims it helped Iranian government-backed banks transfer more than $250 billion in violation of U.S. sanctions, following an earlier $340 million settlement with the New York Department of Financial Services.

According to the British bank’s announcement, part of a trading update, it is in “active and constructive” talks with several U.S. agencies to resolve any remaining claims over the alleged sanctions violations in the wake of the related New...
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