London Bank That Hid Iran Dealings Is Fed Up With ‘F—ing Americans’

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Standard Chartered
From 2001 to 2010, the management at British bank Standard Chartered (STAN) “schemed with the government of Iran and hid from regulators roughly 60,000 secret transactions, involving at least $250 billion,” earning “hundreds of millions of dollars in fees” in the process. Standard Chartered moved this money for Iranian clients, “stripping” the transactions of identifying information that might indicate their source, lest regulators figure out that money laundering was going on.

So argues New…

London Bank That Hid Iran Dealings Is Fed Up With ‘F—ing Americans’ originally appeared on DailyFinance.com on 2012-08-14T13:52:00Z.

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