KYC 360 on 30 August reported that Standard Chartered Bank expects it could pay a hefty fine to the FCA for violating financial crime rules outlined in an ongoing investigation, its interim report shows – it is to resolve an investigation into the effectiveness and governance of its financial crime controls between 2009 and 2014.
https://kyc360.com/news/standard-chartered-faces-substantial-uk-fine-over-poor-financial-crime-controls/
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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