Views: 10936|Replies: 29

UK bank Standard Chartered tells Uncle Sam watchdog to 'get lost'   [Copy link] 中文

Rank: 4

Post time 2012-8-7 05:36:44 |Display all floors

Standard Chartered bank illegally "schemed" with Iran to launder as much as $250bn (£161bn) for nearly a decade, a US regulator says......6 August 2012, source: Anglo media


The New York State Department of Financial Services said that the bank hid 60,000 secret transactions for "Iranian financial institutions" that were subject to US economic sanctions.
It labelled UK-based Standard Chartered a "rogue institution".
The bank has been threatened with having its US banking licence revoked.
The allegations are far larger than those involving HSBC, which was recently accused by the US Senate of failing to prevent money laundering from countries around the world including Mexico and Iran. It has set aside $700m to deal with any fines and penalties arising from those allegations.
The bank is ordered to appear before the regulator soon to "explain these apparent violations of law" from 2001 to 2010.
The regulator also said that it would hold a formal hearing over the "assessment of monetary penalties".

In the 27-page complaint, the New York State Department of Financial Services said that Standard Chartered showed "obvious contempt for US banking regulations" and pointed to an email reply from a bank executive director to a New York branch officer.

"Who are you fu^king [Americans] to tell us, the rest of the world, that we're not going to deal with Iranians," the complaint quotes the director as saying.

Use magic tools Report

Rank: 4

Post time 2012-8-7 05:37:22 |Display all floors
"Who are you fu^king [Americans] to tell us, the rest of the world, that we're not going to deal with Iranians,"..........

Use magic tools Report

Rank: 4

Post time 2012-8-7 05:38:50 |Display all floors
Even their close relations are getting p1ssed off with these hypocritical and overbearing Yanks!

Use magic tools Report

Rank: 4

Post time 2012-8-7 05:44:02 |Display all floors
I'm getting the notion that the Yanks are out to destroy the UK financial system!




Use magic tools Report

Rank: 4

Post time 2012-8-7 05:45:39 |Display all floors
Bernake said, "Let there be light!", and they was light.
"Let there be fire", and the London banks are all burning bright!

Use magic tools Report

Rank: 6Rank: 6

Post time 2012-8-7 08:10:25 |Display all floors
Truth_update Post time: 2012-8-7 05:38
Even their close relations are getting p1ssed off with these hypocritical and overbearing Yanks!

who is you to think to supplt them end up world desaster you turd

Use magic tools Report

Rank: 8Rank: 8

Post time 2012-8-7 14:43:56 |Display all floors
"Who are you fu^king [Americans] to tell us, the rest of the world, that we're not going to deal with Iranians,"

Nice one  
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.