Arab Today, arab today standard chartered rejects us iran trade claims
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

Standard Chartered rejects US Iran trade claims

Arab Today, arab today

Arab Today, arab today Standard Chartered rejects US Iran trade claims

Hong Kong - AFP

Banking giant Standard Chartered on Tuesday rejected a US regulator\'s claim that it hid $250 billion in transactions with Iranian banks in violation of US sanctions. The denial came a day after the New York\'s Department of Financial Services (DFS) threatened to revoke the bank\'s licence and imposed fines, as the regulator branded the London-based lender as a \"rogue bank\". \"The group strongly rejects the position or the portrayal of facts as set out in the order issued by the DFS,\" group company secretary Annemarie Durbin said in a statement. \"The group does not believe the order issued by the DFS presents a full and accurate picture of the facts.\" The US regulator accused Standard Chartered of systematically disguising foreign exchange deals with Iran in a breach of controls that potentially opened up the US banking system to terrorists and criminals. It has ordered the bank to explain the alleged violations on August 15, in the latest US move against foreign banks accused of failing to prevent money laundering and other illicit transactions. \"The group takes its responsibilities very seriously, and seeks to comply at all times with the relevant laws and regulations,\" Durbin said, adding that it had \"engaged with the US agencies\". The bank\'s Hong Kong-listed shares plunged 7.5 percent to HK$174.0 when the market opened following the news late Monday from the United States. The regulator\'s move came after a US Senate report last month accused HSBC, also based in London, of concealing more than $16 billion in sensitive transactions with Iran and Mexican drug lords from 2001 to 2007.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today standard chartered rejects us iran trade claims Arab Today, arab today standard chartered rejects us iran trade claims

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today standard chartered rejects us iran trade claims Arab Today, arab today standard chartered rejects us iran trade claims

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday