Standard Chartered faces £10m Treasury fine for 'sanctions breaches'

Pedro Gonçalves
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Standard Chartered faces £10m Treasury fine for 'sanctions breaches'

Standard Chartered faces a fine of more than £10m by the Office of Financial Sanctions Implementation (OFSI) for allegedly failing to prevent sanctions breaches. The London-based bank, with a significant presence in the Far East and Asian markets, has been told by the Treasury organisation that it intends to impose the penalty in the coming weeks, Sky News reported. The impending fine deals another blow to Winters, 57, whose outsized pension payments have caused a row with investors. ...

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