Standard Chartered (SCBFF.PK +9%) agrees to pay $340M to NY State to settle charges it laundered...

|About: Standard Chartered PLC (SCBFF)|By:, SA News Editor

Standard Chartered (SCBFF.PK +9%) agrees to pay $340M to NY State to settle charges it laundered hundreds of billions of dollars from Iran. "The parties have agreed that the conduct at issue involved transactions of at least $250B," says NY's Ben Lawsky. Anybody who bought on last week's initial airing of the charges is ahead more than 20% today.