Basic Search  |  Summaries  |  Advanced SearchPenalty: £102,163,200
Year: 2019
Date: 9 April, 2019
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Standard Chartered paid a fine of £102 million in settlement of a finding by the FCA that the company failed to establish and maintain anti-money laundering procedures, leading to the bank being at risk of breaching sanctions and laundering the proceeds of crime. US authorities took action against Standard Charter for alleged sanctions violations in a related investigation.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)