A US regulator has accused the UK based Bank Standard Chartered of being a
"rouge institution" and have asked them to explain transactions between 2001 and
2010 in connection with their supposed Iranian clients, accusing the bank of
falsifying payments, changing messages and date and putting false entries in
their records with up to 60,000 secret translations.
The bank has refuted the allegations stating that it "strongly rejects the position of the US regulator. If criminal prosecutions or professional neglect claims are brought against the bank or its directors. Any insurance policies in force such as Professional Indemnity Insurance or Directors and Officers Insurance covers maybe claimed on.
The bank has refuted the allegations stating that it "strongly rejects the position of the US regulator. If criminal prosecutions or professional neglect claims are brought against the bank or its directors. Any insurance policies in force such as Professional Indemnity Insurance or Directors and Officers Insurance covers maybe claimed on.
No comments:
Post a Comment