Standard Chartered back in the regulatory spotlight

Standard Chartered (OTC:SCDRF, OTCPK:SCBFF) is back in the regulatory spotlight, this time over the alleged failure to flag high risk transactions for further review.

The bank is now in talks with the New York Department of Financial Services over a possible penalty which may range from $100M-$340M.

A monitor, who was installed at Standard Chartered as part of the bank's 2012 settlement (due to corrupting sanctions transactions), uncovered the regulatory issues.

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