Emerging markets-focused bank has faced questions from US prosecutors over Iran ties since 2012

Standard Chartered could face a fresh fine of up to $1.5bn from US authorities relating to allegations that it breached sanctions by moving money secretly for Iranian clients, according to a report.

The emerging markets-focused bank is bracing for a new penalty for control failures that led to the processing of payments for Iranian clients in breach of US sanctions. The news was first reported by Bloomberg.

Standard Chartered could face $1.5bn fine for Iran sanctions breach

Paul Clarke

Standard Chartered

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