Salford_Blue
Well-Known Member
You've answered your own question there
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Hey Scousers! What about money laundering for Terrorists?
- Thread starter oakiecokie
- Start date
Mad Eyed Screamer
Moderator
Well apart from Standard Chartered being on the front of the club shirts, plastered all over the front of each match day programme, logos on the inside and outside of the stadium and of course the heafty fee they have paid Liverpool for the privilege (the money coming from profits made from money laundering) you are right, what does this all have to do with Liverpool?Forgive my stupid ignorence but what has this actually got to do with dippers other than a sponsor?
mexico1970
Well-Known Member
Well apart from Standard Chartered being on the front of the club shirts, plastered all over the front of each match day programme, logos on the inside and outside of the stadium and of course the heafty fee they have paid Liverpool for the privilege (the money coming from profits made from money laundering) you are right, what does this all have to do with Liverpool?
Yeah...but apart from that?
:)
Mad Eyed Screamer
Moderator
What did Standard Chartered ever do for us....Yeah...but apart from that?
:)
Forgive my stupid ignorence but what has this actually got to do with dippers other than a sponsor?
Well, you may not have noticed, but their fans seem to like to shout about "human rights" when it suits them. Keep that in mind when considering the below (which may not even include the latest news)....
Money-laundering charges
On 6 August 2012, the New York Department of Financial Services (DFS), led by Benjamin Lawsky, accused Standard Chartered of hiding $250 billion in transactions involving Iran, labelling it a "rogue institution". The bank was ordered to appear and defend its actions, or risk losing its license to operate in the state of New York. The DFS said it had documents showing a cover up of transactions allegedly used to fund terrorist groups in the Middle East.On 14 August 2012, Lawsky announced that the DFS and Standard Chartered reached a settlement that allows the bank to keep its licence to operate in New York. According to the terms of the settlement, the bank agreed to pay a $340 million fine.
The bank agreed to install a monitor to oversee the bank's money laundering controls for at least two years, and appoint "permanent officials who will audit the bank's internal procedures to prevent offshore money laundering". The monitor will report directly to the DFS. Lawsky's statement said "the parties have agreed that the conduct at issue involved transactions of at least $250bn." The bank issued a statement confirming that a settlement with the DFS had been reached and that "a formal agreement containing the detailed terms of the settlement is expected to be concluded shortly".
Other US agencies—including the Federal Reserve, the Federal Bureau of Investigation, the Treasury Department, and the Justice Department—had also begun investigations into the laundering allegations and were reportedly taken off guard by the speed of the settlement.
The Treasury stated that its own investigation of Standard Chartered will continue. Several financial analysts predicted that, due to its strong financial position, the bank would be able to easily cover the $900 million fine without having to raise extra capital.
On 6 August 2014, Lawsky was reported to be preparing a new action against Standard Chartered over computer system breakdowns and was "discussing a potential settlement".
On 19 August 2014, the bank was fined $300 million by the New York Department of Financial Services for breach of money-laundering compliance related to potentially high-risk transactions involving Standard Chartered clients in Hong Kong and the UAE. The bank issued a statement accepting responsibility and regretting the deficiencies, at the same time noting the ruling would not jeopardize its U.S. licenses.
In April 2019, it was reported that Standard Chartered may have to pay approximately $1 billion to settle its ongoing investigations in the US and UK. Earlier in February the company had set aside $900 million towards resolution of violations of U.S. sanctions and forex trading regulations. The company also faces a penalty of roughly $134 million from the United Kingdom's Financial Conduct Authority related to historical financial crime controls which takes the amount to over $1 billion.
Sponsorship
In September 2009, it was announced that Standard Chartered had agreed to become the main sponsor of Liverpool Football Club for the period between July 2010 and the end of the 2013–14 football season, taking shirt sponsorship and various other branding rights. The sponsorship has been extended multiple times. First in 2013 to the end of the 2015–16 season, next in 2015 through the 2018–19 season, then again, in May 2018 that extends through the 2022–23 season and finally, in July 2022 that runs until the end of the 2026–27 season. The deal is estimated to be worth around £50 million per year by City A.M., making it the joint-third most valuable sponsorship deal in the Premier League alongside Arsenal's deal with Emirates and Chelsea's deal with Yokohama. Standard Chartered is also the lead sponsor of the Singapore Marathon.So basically, despite a load of fraud and issues with financing terrorists, Liverpool have continued to extend their deal with this company. They deserve a lot of shit for this.
KentBlue
Well-Known Member
I am still of the opinion that Bingo knew something was happening. The dippers had been going toe-to-toe with us and were definitely upping their game, nosing ahead of Arsenal and Chelsea. Then suddenly he announces he is quitting? No rumours of anything untoward, no fallout with the board or players (aside from Salad, which seems like a trivial matter), but something happened that made him jump ship because it was only a matter of months before the end of the season, at that time they were pretty much flying high and nobody could have predicted they'd bottle their run-in as meekly as they did. In their mindset they were on course to finish a pretty good season and would have been optimistic of a good and solid future.Well, you may not have noticed, but their fans seem to like to shout about "human rights" when it suits them. Keep that in mind when considering the below (which may not even include the latest news)....
Money-laundering charges
On 6 August 2012, the New York Department of Financial Services (DFS), led by Benjamin Lawsky, accused Standard Chartered of hiding $250 billion in transactions involving Iran, labelling it a "rogue institution". The bank was ordered to appear and defend its actions, or risk losing its license to operate in the state of New York. The DFS said it had documents showing a cover up of transactions allegedly used to fund terrorist groups in the Middle East.
On 14 August 2012, Lawsky announced that the DFS and Standard Chartered reached a settlement that allows the bank to keep its licence to operate in New York. According to the terms of the settlement, the bank agreed to pay a $340 million fine.
The bank agreed to install a monitor to oversee the bank's money laundering controls for at least two years, and appoint "permanent officials who will audit the bank's internal procedures to prevent offshore money laundering". The monitor will report directly to the DFS. Lawsky's statement said "the parties have agreed that the conduct at issue involved transactions of at least $250bn." The bank issued a statement confirming that a settlement with the DFS had been reached and that "a formal agreement containing the detailed terms of the settlement is expected to be concluded shortly".
Other US agencies—including the Federal Reserve, the Federal Bureau of Investigation, the Treasury Department, and the Justice Department—had also begun investigations into the laundering allegations and were reportedly taken off guard by the speed of the settlement.
The Treasury stated that its own investigation of Standard Chartered will continue. Several financial analysts predicted that, due to its strong financial position, the bank would be able to easily cover the $900 million fine without having to raise extra capital.
On 6 August 2014, Lawsky was reported to be preparing a new action against Standard Chartered over computer system breakdowns and was "discussing a potential settlement".
On 19 August 2014, the bank was fined $300 million by the New York Department of Financial Services for breach of money-laundering compliance related to potentially high-risk transactions involving Standard Chartered clients in Hong Kong and the UAE. The bank issued a statement accepting responsibility and regretting the deficiencies, at the same time noting the ruling would not jeopardize its U.S. licenses.
In April 2019, it was reported that Standard Chartered may have to pay approximately $1 billion to settle its ongoing investigations in the US and UK. Earlier in February the company had set aside $900 million towards resolution of violations of U.S. sanctions and forex trading regulations. The company also faces a penalty of roughly $134 million from the United Kingdom's Financial Conduct Authority related to historical financial crime controls which takes the amount to over $1 billion.
Sponsorship
In September 2009, it was announced that Standard Chartered had agreed to become the main sponsor of Liverpool Football Club for the period between July 2010 and the end of the 2013–14 football season, taking shirt sponsorship and various other branding rights. The sponsorship has been extended multiple times. First in 2013 to the end of the 2015–16 season, next in 2015 through the 2018–19 season, then again, in May 2018 that extends through the 2022–23 season and finally, in July 2022 that runs until the end of the 2026–27 season. The deal is estimated to be worth around £50 million per year by City A.M., making it the joint-third most valuable sponsorship deal in the Premier League alongside Arsenal's deal with Emirates and Chelsea's deal with Yokohama. Standard Chartered is also the lead sponsor of the Singapore Marathon.
So basically, despite a load of fraud and issues with financing terrorists, Liverpool have continued to extend their deal with this company. They deserve a lot of shit for this.
But, aside from ensuring that Bingo was the centre of attention yet again, what did they gain from his sudden announcement? What made the board sanction his departure despite a couple of more years left on his contract?
Bingo is many things (all of them distinctly unpleasant), but he's not an imbecile: he's not a wide-eyed, innocent newbie, fresh from an apprenticeship with no previous experience of mixing it with the big boys.
I daresay we'll know more when the time comes but I am convinced that -whatever it is- the toothy twat was made aware of it and that is why he quit.
dublinblue12
Well-Known Member
- Joined
- 17 Aug 2015
- Messages
- 3,458
Right I don't really pay them much attention their everywhere here unfortunatelyWell, you may not have noticed, but their fans seem to like to shout about "human rights" when it suits them. Keep that in mind when considering the below (which may not even include the latest news)....
Money-laundering charges
On 6 August 2012, the New York Department of Financial Services (DFS), led by Benjamin Lawsky, accused Standard Chartered of hiding $250 billion in transactions involving Iran, labelling it a "rogue institution". The bank was ordered to appear and defend its actions, or risk losing its license to operate in the state of New York. The DFS said it had documents showing a cover up of transactions allegedly used to fund terrorist groups in the Middle East.
On 14 August 2012, Lawsky announced that the DFS and Standard Chartered reached a settlement that allows the bank to keep its licence to operate in New York. According to the terms of the settlement, the bank agreed to pay a $340 million fine.
The bank agreed to install a monitor to oversee the bank's money laundering controls for at least two years, and appoint "permanent officials who will audit the bank's internal procedures to prevent offshore money laundering". The monitor will report directly to the DFS. Lawsky's statement said "the parties have agreed that the conduct at issue involved transactions of at least $250bn." The bank issued a statement confirming that a settlement with the DFS had been reached and that "a formal agreement containing the detailed terms of the settlement is expected to be concluded shortly".
Other US agencies—including the Federal Reserve, the Federal Bureau of Investigation, the Treasury Department, and the Justice Department—had also begun investigations into the laundering allegations and were reportedly taken off guard by the speed of the settlement.
The Treasury stated that its own investigation of Standard Chartered will continue. Several financial analysts predicted that, due to its strong financial position, the bank would be able to easily cover the $900 million fine without having to raise extra capital.
On 6 August 2014, Lawsky was reported to be preparing a new action against Standard Chartered over computer system breakdowns and was "discussing a potential settlement".
On 19 August 2014, the bank was fined $300 million by the New York Department of Financial Services for breach of money-laundering compliance related to potentially high-risk transactions involving Standard Chartered clients in Hong Kong and the UAE. The bank issued a statement accepting responsibility and regretting the deficiencies, at the same time noting the ruling would not jeopardize its U.S. licenses.
In April 2019, it was reported that Standard Chartered may have to pay approximately $1 billion to settle its ongoing investigations in the US and UK. Earlier in February the company had set aside $900 million towards resolution of violations of U.S. sanctions and forex trading regulations. The company also faces a penalty of roughly $134 million from the United Kingdom's Financial Conduct Authority related to historical financial crime controls which takes the amount to over $1 billion.
Sponsorship
In September 2009, it was announced that Standard Chartered had agreed to become the main sponsor of Liverpool Football Club for the period between July 2010 and the end of the 2013–14 football season, taking shirt sponsorship and various other branding rights. The sponsorship has been extended multiple times. First in 2013 to the end of the 2015–16 season, next in 2015 through the 2018–19 season, then again, in May 2018 that extends through the 2022–23 season and finally, in July 2022 that runs until the end of the 2026–27 season. The deal is estimated to be worth around £50 million per year by City A.M., making it the joint-third most valuable sponsorship deal in the Premier League alongside Arsenal's deal with Emirates and Chelsea's deal with Yokohama. Standard Chartered is also the lead sponsor of the Singapore Marathon.
So basically, despite a load of fraud and issues with financing terrorists, Liverpool have continued to extend their deal with this company. They deserve a lot of shit for this.
PPT
Well-Known Member
- Joined
- 12 Feb 2021
- Messages
- 2,330
- Team supported
- Manchester City
It really was an amazing coincidence that the latest City story got leaked on the exact same day Liverpool started getting questioned and some bad press about their sponsorship with Standard Chartered.
The story has now gone. Evaporated, never to be mentioned again.
Funny that eh?
The story has now gone. Evaporated, never to be mentioned again.
Funny that eh?
blueju
Well-Known Member
Pushing local oap’s into fountainsFunded by terrorism, responsible for fatalities at games, criminally hacking databases, booing the national anthem, have i missed anything
Franny 1234
Well-Known Member
It means more to them.
Always remember that.
Always remember that.