The British bank Standard Chartered is about to pay a total of $ 1 billion in fines to US authorities for violating trade sanctions against Iran. Initiates let the Financial Times business newspaper know this.
It would be a settlement following five years of investigations by US prosecutors and the finance ministry. They suspect Standard Chartered that they have processed transactions from Iranian companies and individuals through a branch in Dubai. In 2012, the bank was also blamed for the violations. Standard Chartered then bought off $ 667 million in legal proceedings and promised to tighten controls on customer transactions.