OFSI (the UK’s sanctions regulator) has told Standard Chartered that it is planning to impose a £10m penalty on the bank for failing to prevent sanctions breaches. This follows a $1.1bn fine imposed by UK and US regulators in April 2019 for violating Iranian sanctions (see post), and a £102m penalty in February 2019 from the Financial Conduct Authority for …
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...
United Kingdom