Global Investigations Review - The law and practice of international investigations

Standard Chartered enters global resolution to settle “egregious” sanctions case

By Emily Casswell

09 April 2019

Standard Chartered enters global resolution to settle “egregious” sanctions case Standard Chartered Bank pays over $1.1 billion to settle sanctions violations

Standard Chartered has agreed to pay $1.1 billion to resolve allegations that it violated sanctions in Myanmar, Cuba, Iran and Syria, seven years after it signed a deferred prosecution agreement over failures to adhere to US sanctions laws.