All Standard Chartered articles
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Article
Standard Chartered recruits chief risk officer from Societe Generale
U.K. bank Standard Chartered announced the appointment of Sadia Ricke as group chief risk officer, effective Feb. 1, 2023.
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Article
Standard Chartered names group general counsel
Multinational banking firm Standard Chartered has named Sandie Okoro group general counsel. She will join the bank in early April.
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Article
Standard Chartered fined record $61.5M for liquidity reporting failures
The U.K. Prudential Regulation Authority imposed a record fine of £46.55 million (U.S. $61.5 million) against Standard Chartered Bank for repeatedly misreporting a key metric to determine liquidity risk.
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Article
Study: Spike in OFAC sanctions pose compliance challenges
Some companies might scramble to comply with more—and sometimes quickly shifting—sanctions requirements as the U.S. government chalks up record enforcement levels.
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Blog
Lax controls—a cancer at one bank
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” ...
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Blog
Standard Chartered Bolsters Its Financial Crime Unit Amid Regulatory Trouble
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 ...
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Blog
Standard Chartered Beefs Up Efforts to Combat Financial Crime
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.