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Standard Chartered Bank's cozy relationship with Iran
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Standard Chartered Bank's cozy relationship with Iran

Sanctions evasion

Jessica Davis's avatar
Jessica Davis
Aug 31, 2018
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Standard Chartered Bank's cozy relationship with Iran
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Standard Chartered bank is under additional scrutiny for its relationship with Iran. The bank, which was previously fined twice in relation to sanctions evasion, is now under investigation for facilitating payments for firms based in the UAE trading with Iranian counterparts.

In 2007, the bank paid a $300 million fine for a flaw in their system designed …

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