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Britain's Standard Chartered Bank settles Iran probe
 

Standard Chartered agreed to pay $340 million to settle charges from New York financial regulators that the British bank had conspired with Iran's government to launder billions of dollars in violation of U.S. sanctions on Tehran. The bank denied the specific charges, but the settlement includes two years of government monitoring of Standard's New York branches and a permanent internal auditor for its overseas transactions.

 

 

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