Amended Whistleblower Suit Filed vs Standard Chartered Over Iran-Related Transactions -FT
July 19 2019 - 2:07PM
Dow Jones News
--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.
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