Standard Chartered PLC To Pay $327 Million To Resolve U.S. Sanctions Case-Reuters

Reuters reported that Standard Chartered PLC agreed to pay $327 million to U.S. authorities to resolve allegations that it violated U.S. sanctions laws, capping months of legal headaches for the British bank. The U.S. Justice Department and the New York District Attorney's office on December 10, 2012 said the bank moved millions of dollars through the U.S. financial system in violation of sanctions laws, most of it on behalf of customers in Iran and Sudan.