Just because one foreign - note: not local because US bankers know very well where the bodies are buried - bank (whose CEO forgot to bribe American congressmen as efficiently as some other bank CEOs [6]), namely HSBC, was not enough to convince Americans just how active America's corrupt political muppets are when it comes to eradicating the evil banking scourge, here comes redirection target #2:
- STANDARD CHARTERED MAY FACE SUSPENSION OVER IRAN TRANSACTIONS
- BANK HAD $250 BLN IN TRANSACTIONS WITH IRAN, REGULATOR CLAIMS
- STANDARD ORDERED BY N.Y. FINANCIAL REGULATOR TO HIRE MONITOR
- STANDARD CHARTERED ORDERED TO APPEAR BEFORE N.Y. REGULATOR
Some more detail via Bloomberg:
Standard Chartered Plc conducted more than $250 billion worth of transactions with Iranian entities over a seven-year period, in violation of U.S. anti-money laundering laws, a New York state financial regulator said today in a statement.
The London-based bank may lose its license to operate in the state, the New York Department of Financial Services said in the statement.
In other news, the National Association of Realtors is still exempt from Anti-Money Laundering provisions, and as a result, continues to launder money for ill gotten billionaires, drug kinds, petrodollars, and various other tyrants, despots and dictators in the form of US real estate. Which makes sense: at least they keep the price of US real estate high, so why should the laws that apply to some, apply to all? After all, it's only "fair."