NEW YORK, Aug. 19 (Reuters) – Standard Chartered will pay a fine of $ 300 million to New York authorities and suspend or leave out certain activities not be reached to prevent suspicious transactions that could be linked to networks bleaching.
The agreement with the New York authorities provides that Standard Chartered suspend its clearing operations in dollars for activities deemed extremely risky its Hong Kong subsidiary.
It also provides that the bank put an end to its high-risk activities for SME clients in the UAE and the application for leave to the regulator in New York before opening in the United States accounts compensation dollars.
The British bank will moreover closely monitored by an auditor for two more years.
Standard Chartered was accused by the financial authorities of the State of New York to default on its obligations for monitoring, which allowed a large number of potentially risky transactions to go undetected. (Jonathan Stempel, Nicolas Delame for the French service)
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