Federal Reserve, et al. Announce Civil Monetary Penalties for AML and Bank Secrecy Act Violations

The Federal Reserve announced administrative actions involving Standard Chartered Bank relating to anti-money laundering and Bank Secrecy Act compliance. In addition, the U.S. Department of Justice, the District Attorney for New York County, and the Treasury Department's Office of Foreign Assets Control announced separate agreements with Standard Chartered relating to the same matter.

See: Federal Reserve Press Release; Treasury Press Release. See also: Cease and Desist Order.