oakiecokie
Well-Known Member
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.
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
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
