Amended Whistleblower Suit Filed vs Standard Chartered Over Iran-Related Transactions -FT

Date : 07/19/2019 @ 7:07PM
Source : Dow Jones News
Stock : Standard Chartered Plc (STAN)
Quote : 623.0  6.0 (0.97%) @ 4:29PM

Amended Whistleblower Suit Filed vs Standard Chartered Over Iran-Related Transactions -FT

Standard Chartered (LSE:STAN)
Historical Stock Chart

2 Months : From Jun 2019 to Aug 2019

Click Here for more Standard Chartered Charts.

--An amended whistleblower lawsuit was filed against Standard Chartered PLC (STAN.LN) over Iran-related transactions, the Financial Times reported Friday.

--The FT report said the suit alleges the bank cleared far more transactions that violated sanctions than the amount the U.S. government used in connection with the U.S. and U.K. settlements reached in April.

--Standard Chartered told the FT "this suit is baseless and contains many of the same inaccuracies and false allegations as the relator's previous suit, which was dismissed." The bank said U.S authorities "have been aware of these claims for several years and have not seen fit to join this suit or include the claims as part of our resolution of historical sanctions compliance issues in April of this year."

 

Full story: https://www.ft.com/content/16a53f86-aa20-11e9-984c-fac8325aaa04

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

July 19, 2019 13:52 ET (17:52 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.