The article discusses the accusations of money laundering against Standard Chartered by New York's Department of Financial Services, led by Benjamin M. Lawsky. The bank is accused of hiding $250 billion in transactions with Iran through its New York branch. The case has caused concern among global banks about the potential for state-level legal challenges to transactions previously deemed legal by federal regulators. The article also mentions other banks like HSBC, Barclays, ING, and Lloyds, which are under scrutiny for similar issues.
documents/EFTA01180266.pdf
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