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

Standard Chartered Plc, Britain’s second-largest bank by market value, agreed to pay $327 million of fines, in line with the bank’s forecast, after regulators alleged it violated U.S. sanctions with Iran.

After paying a $340 million settlement in August to New York’s Department of Financial Services, the London-based company told investors on Dec. 6 it expected to pay about $330 million on Dec. 6 to resolve other investigations.