All Standard Chartered articles

  • ArrowsUp
    Article

    Study: Spike in OFAC sanctions pose compliance challenges

    2019-12-06T20:04:00Z

    Some companies might scramble to comply with more—and sometimes quickly shifting—sanctions requirements as the U.S. government chalks up record enforcement levels.

  • Blog post

    Lax controls—a cancer at one bank

    2016-06-16T17:30:00Z

    Bill Winters, CEO of the U.K. bank Standard Chartered may have set a new precedent for taking a hard stance on ethics and compliance recently, when he penned an angry memo to 1,500 top managers announcing steps he has taken to “stamp out the cancer of complacency and lax controls” ...

  • Blog post

    Standard Chartered Bolsters Its Financial Crime Unit Amid Regulatory Trouble

    2015-08-12T11:00:00Z

    Standard Chartered is adding more staff to its financial crimes team, following a probe by U.S. regulators for an alleged breach in sanctions laws that resulted in a $400 million fine in 2012. In its first-half results announced last week, the bank said, “There is a range of potential penalties ...

  • Blog post

    Standard Chartered Beefs Up Efforts to Combat Financial Crime

    2015-08-10T09:30:00Z

    London-based Standard Chartered today announced a trio of appointments as the banking giant continues to beef up its efforts to combat financial crime following multiple enforcement actions by U.S. enforcement authorities in 2012. One of those appointments includes a new head of sanctions compliance. Details inside.