Standard Chartered Accused of Leaving US Financial Services Open to Attacks After Iranian Deals

Multi-Billion dollar deals left the US financial system open to attacks from Iran, drug kingpins, and terrorists.

When an executive in the US highlighted the risk that staff could face criminal liability for defying sanctions, it is claimed that the group executive director in London said "You f—ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians."

Benjamin Lawsky, superintendent of the New York State Department of Financial Services, has launched an investigation into Standard Chartered Bank for "apparent grave violations of law and regulation".