StanChart (SCBFF.PK) agrees to a demand from New York's Department of Financial Services to...

|By:, SA News Editor

StanChart (SCBFF.PK) agrees to a demand from New York's Department of Financial Services to recruit an external monitor to ensure that the bank complies with anti-money laundering laws, Bloomberg reports. StanChart is due to meet the DFS on Wednesday to persuade it not to revoke the bank's license to operate in the state because of its dealings with Iran.