The Asian bank has also been banned from US dollar clearing for specific clients
Standard Chartered, the Asian specialist, has become the
latest bank to fall foul of US authorities as it was fined
$300m and banned from US clearing on behalf of some clients for
anti-money laundering failings.
The US Superintendent of Financial Services said on Tuesday
Standard Chartered systems had failed "to detect a large number
of potentially high-risk transactions" originating from its
Hong Kong and United Arab Emirates branches.
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