Standard Chartered Pays Fine Only For Iran Sanctions | Monte Friesner Breaking News |

STANDARD CHARTERED IS NOT OUT OF BANKING TROUBLES YET |

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~

 

WANTED SA has learned this afternoon that Standard Chartered on Aug. 14, 2012  agreed to pay $340 Million USD to New York State's Department of Financial Services (NYDFS) to settle  allegations that the UK bank breached U.S. sanctions against Iran.

However,the bank is still under investigation by the Department of Justice, the U.S. Treasury Department and the Federal Reserve for numerous other Criminal alleged activities.

The new formed NYDFS headed by Benjamin Lawsky is rapidly becoming a Crime Fighting Force that has no allegiance to any bank lobbyists nor is related to the so called "Big Bank Old Boys Club".
NYDFS will pull the licenses of any Banks, Credit Card Companies, Financial Groups, etc., listed in the State of New York without any fear.

NYDFS is not here to make friends, go golfing or have lunchs at strip bars with the bank executives, but to enforce the law and protect the public and depositers.