SANCTIONS : STANCHART FINED $18M
(newZWire) Standard Charterd Bank plc is to pay US$18
million in fines to the US government for violating American sanctions on
Zimbabwe by handling transactions for state-owned firms and sanctioned
individuals.
The bank is being fined for allowin…
(newZWire) Standard Charterd Bank plc is to pay US$18
million in fines to the US government for violating American sanctions on
Zimbabwe by handling transactions for state-owned firms and sanctioned
individuals.
The bank is being fined for allowing 1,795 transactions
worth close to US$77million.
Under sanctions first imposed in 2002, and renewed annually
since then, the US restricts the