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UK FCA £102m fine on StanChart for financial crime failures
Standard Chartered announced yesterday that it had received a decision notice from the UK Financial Conduct Authority (FCA) imposing a penalty of £102,163,200 for “historical financial crime controls”. StanChart said that it will set aside $900m to make provision for this fine, plus: the $40m civil monetary penalty agreed last month with the New York State Department of Financial Services...
United Kingdom
United StatesAbout Michael O'Kane
Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...
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