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StanChart agrees extension of U.S. sanctions scrutiny

Reuters  |  LONDON 

By Lawrence WhiteLONDON (Reuters) - Standard Chartered said it faces a further extension of its U.S. deferred prosecution agreements (DPAs) until July next year, in a sign it has yet to improve its sanctions compliance to the satisfaction of U.S. authorities.StanChart first entered into the agreements with the U.S. Department of Justice and the New York County District Attorney's Office in December 2012, accepting that it had broken laws by processing payments for sanctioned entities in countries including Iran, Burma, Sudan and Libya. The bank avoided prosecution in exchange for a cash ...

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First Published: Fri, November 10 2017. 14:16 IST
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