What consequences might arise from Standard Chartered’s alleged involvement in Iranian money-laundering schemes?

Asked Aug 11, 2012· 1 answer ·Asia, Iran, Restricted Jurisdictions, Sanctioned Jurisdictions, Singapore
Faisal KhanAnswered Aug 11, 2012
For SCB:

Worst-case Scenario:

  • Suspension of its Banking License.
  • Hefty Fine.
  • Possible freezing of its assets (though very unlikely)
  • Criminal Charges against some of its employees who are involved.
  • One of SCB's owners is Temasek, they will probably step-in and channel business to their other member banks (if not already doing so as of last week).
Regulatory EnforcementRegulatory PenaltiesEnforcement ActionsRegulation AsiaIranRestricted JurisdictionsSanctioned JurisdictionsSingapore
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