“The ‘civil penalty’ came amid allegations that the London-based bank hid 60,000 transactions with proscribed Iranian clients worth $250 billion over ten years.  The clients included the state-backed Central Bank of Iran and the National Bank of Iran, both accused by Washington of helping Tehran seek nuclear weapons and fund terrorism.  Under the terms of the settlement with New York’s Department of Financial Services, Standard Chartered agreed to house a government anti-laundering monitor for two years at its New York branch.” [Regulation combined with warmongering is highly profitable.]

http://www.rawstory.com/rs/2012/08/15/standard-chartered-fined-340-million-over-iran-deals/

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