Hey Scousers! What about money laundering for Terrorists?

lfc fans acting shocked and want to do something about this thing they never knew!! Fuck that, their sponsor have been in the news for shit for decades. This is nothing new. And you know what I think the media would buy into that narratove... lfc fans taking banners into the ground to protest at their sponsors... Stark contrast to City fans....

Its been going on for years you knobs. And the media have largely ignored it.

Breach of sanctions fines (2012)[edit]​

In August 2012 Standard Chartered agreed to pay $340 million to the New York State Department of Financial Services over charges that the bank worked with the government of Iran to hide $250 billion in transactions in order to evade sanctions.[81][82]

In December 2012 Standard Chartered agreed to pay a $327 million fine for having hidden similar transactions with Iran, Myanmar, Libya, and Sudan.[83]

Money laundering, breach of sanctions fine (2019)[edit]​

On 9 April 2019, Standard Chartered paid $1.1 billion to the United Kingdom Government and the United States of America's Department of the Treasury over deficiencies in the bank's money laundering control regime and for violating financial sanctions against Myanmar, Zimbabwe, Cuba, Sudan, Syria, and Iran.[84][85]

OFSI fine (2020)[edit]​

In April 2020 Standard Chartered was fined £20.4 million by the UK's Office of Financial Sanctions Implementation for loans to a Turkish bank DenizBank, which fell under E.U. financial sanctions on Russia due to its majority ownership by Russian bank Sberbank of Russia.[86][87]

Indian bank takeover fine (2020)[edit]​

In August 2020 Enforcement Directorate fined Standard Chartered $13.6 million for foreign exchange rule violations in its 2007 takeover of Tamilnad Mercantile Bank Limited.[88]

Delay of reporting fraud fine (2021)[edit]​

In January 2021 the Reserve Bank of India issued a fine of ₹2 crore of Standard Chartered Bank-India for delays in its mandatory regulatory fraud reporting.[89][90]

South African rand manipulation (2023)[edit]​

In November 2023, after an 8 year litigation, the Competition Commission fined Standard Chartered R42.7 million rand for various offences that related to manipulating the USD/ZAR currency pair which included the fixing of bids, offers, bid-offer spreads, the spot exchange rate and the fixing of the exchange rate at the FIX. Standard Chartered assumed liability for its actions in manipulating the rand between 2007 and 2013.[91][92]
 
oakiecokie said:
Sorry but I thought this deserved a thread of its own based on all the shit they throw at our Club.
Please Mods keep it separate from the Main Scouse one.

​




Standard Chartered Bank has its headquarters in the City of London
A British bank that escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege.
Standard Chartered, one of the UK’s largest banks, avoided prosecution by the US Department of Justice after Lord Cameron’s government intervened on its behalf in 2012.
New documents filed to a New York court claim thousands of transactions worth more than $100bn were carried out by the bank from 2008 to 2013 in breach of sanctions against Iran.
An independent expert has identified $9.6bn of foreign exchange transactions with individuals and companies designated by the US government as funding “terror groups”, including Hezbollah, Hamas, al-Qaeda and the Taliban.
In a statement, the bank said it disputes the whistleblowers’ claims, saying their previous allegations had been “thoroughly discredited" by US authorities.

Sanctions breached​

Standard Chartered was publicly accused of falsifying transaction data on Swift - an international payment system used by thousands of financial institutions - to move billions of dollars through its New York branch on behalf of sanctioned entities such as the Central Bank of Iran.
But in September 2012, George Osborne, then chancellor in Lord Cameron’s government, secretly intervened on the bank’s behalf.
Three months later, the US Department of Justice decided not to prosecute the bank.
The foreign exchange transactions identified in the court filings were yet to come to light and it is not suggested that Mr Osborne or Lord Cameron had any knowledge of these transactions at the time.
The bank has twice admitted breaching sanctions against Iran and other countries - first in 2012 and then in 2019 - paying fines totalling more than $1.7bn. But it has not admitted conducting transactions for “terrorist” organisations
Click to expand...
Oh fuck, this Calls for the……….

IMG_3053.jpeg
 
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