New York’s financial regulator said Tuesday that his agency has reached a $340 million settlement with Standard Chartered Bank to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007.
“We will continue to work with our federal and state partners on this matter,” Lawsky said. A department hearing on the issue scheduled for Wednesday in New York City has been adjourned.
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