Standard Chartered Deferred Prosecution Agreement Pdf

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The Bank`s Integrity Division investigates and pursues complex criminal proceedings and several international criminal proceedings involving financial institutions. The Group`s lawsuits are focused on banks and other financial institutions, including their executives, executives and employees, whose actions threaten the integrity of the institution or financial system. A crime of two criminal counters was filed today in the District of Columbia SCB illegal conspiracy to injure IEEPA. The first indictment alleges CBS`s involvement in a criminal conspiracy from 2001 to 2007; the United States charged SCB for the first time with this illegal behavior on December 10, 2012, and under the terms of a dpa entered the same day, the government agreed to postpone the prosecution and SCB agreed to pay a fine of $227 million. The second indictment alleges that SCB was involved in a criminal conspiracy to violate the IEEPA from 2007 to 2011. This latter conspiracy led SCB to deliberately process US dollar transactions through the U.S. financial system for the benefit of Iranian individuals and entities worth approximately $240 million. In the amended Dpa, the CBS acknowledged and assumed responsibility for its criminal conduct, agreed to extend the duration of the agreement for a further two years, and accepted additional commitments on cooperation, compliance and disclosure, among other things. “U.S. sanctions laws exist to protect our national security and the integrity of our financial systems,” the FBI`s deputy director said in The Sweeney Lot. “Global banks that facilitate transactions through our financial institutions must follow these simple and simple rules. Giving enemy nations access to our economy is a dangerous matter. The agreement on adjourned prosecutions and charges announced today clearly indicates that any alleged violation of IEEPA, whether on behalf of an individual or a company, is not taken lightly.┬áThe group joined data protection services in December 2012 with the U.S.

Department of Justice and the New York County Attorney`s Office. Contracts were renewed for a further three years in December 2014 and an additional nine months in November 2017. Standard Chartered Bank (SCB), a global financial institution based in London, England, has agreed to pay 240 million pounds, a fine of 480 million dollars, and the modification and extension of its agreement on deferred criminal prosecutions (DPA) with the Department of Justice for an additional two years for conspiracy in violation of the International Emergency Economic Powers Act (IEEPA).

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