'Standard Chartered, one of Britain's most distinguished global banks, has been accused by US regulators of laundering $250bn from Iran and behaving like a "rogue institution", in the latest catastrophic blow to the international reputation of the City of London.
In an explosive legal order last night, New York state's Department
of Financial Services accused the New York branch of the 160-year-old
institution of leaving the US financial system "vulnerable to
terrorists, weapons dealers, drug kingpins and corrupt regimes" through
its "flagrantly deceptive actions" between 2001 and 2010.'
Read more: British Bank 'Laundered $250Billion for Iranian Government'
Read more: British Bank 'Laundered $250Billion for Iranian Government'
