FINANCIAL TIMES: New York State’s financial watchdog accused Standard Chartered of hiding $250bn of transactions with the Iranian government, leaving “the US financial system vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes”…
Standard Chartered is the second UK bank in two months to face blistering US criticism over allegations of lax controls in moving money. HSBC was last month accused by a US Senate investigation of violating anti-money-laundering rules…
It said Deloitte & Touche “apparently aided” the bank in withholding information from regulators and the consultancy “intentionally omitted critical information in its ‘independent report’ to regulators”… (more)
