New York state authorities have exposed a 10-year-long scam by one of the EU's oldest banks to launder money for Iranian clients.
Benjamin Lawsky, the superintendent of the New York State Department of Financial Services, outlined the allegations against Standard Chartered Bank (SCB), a British firm dating back to 1853, in a 26-page-long statement on Monday (6 August).
Citing internal memos from SCB's own management and l...
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Already a member? Login hereAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.