Standard Chartered Pays $327 Million on U.S.-Iran Transfers

Standard Chartered Pays $327 Million on U.S.-Iran Transfers

Simon Dawson/Bloomberg

London-based Standard Chartered Plc. in August was accused by Benjamin Lawsky, head of the New York Department of Financial Services, of helping Iran launder about $250 billion in violation of federal laws, keeping false records and handling lucrative wire transfers for Iranian clients.