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Standard Chartered fined $1.1 billion in sanction breaches and money-laundering penalties

( April 9, 2019, 14:25 GMT | Official Statement) -- MLex Summary: Standard Chartered has been fined almost $1.1 billion for money-laundering breaches, the bank announced today. Investigations into the bank's historical compliance and financial crime breaches has resulted in penalties by the US Department of Justice and the UK's Financial Conduct Authority into its historical sanctions-compliance breaches and financial-crime controls. Under the terms of the resolutions, the bank will pay a total of $947 million to US authorities, and 102 million pounds (around $133 million) to the UK's FCA.Full statement follows....

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