British bank accused of money laundering

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British bank accused of money laundering

3News NZ

A woman walks down the stairs of the Standard Chartered headquarters in Hong Kong (Reuters)

A woman walks down the stairs of the Standard Chartered headquarters in Hong Kong (Reuters)

Shares in British bank Standard Chartered have plummeted after allegations it laundered billions of dollars.

The New York State Department of Financial Services says the bank hid transactions tied to Iran, in violation of US law.

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10/08/2012 8:47:23 a.m.

Ron paul wrote:

I guess this story doesn't matter much. cant be more than 100 words. Linked to Iran? Big deal. What did Iran do? Nothing but become subject to the biggest propaganda machine on earth. W-W-W-WESTERN MEDIA! all owned by banks. You know it. they told you. Thanks for bringing us this information, what bank was it now? ASB? thanks for the misinformation that is misinforming our population. Well done.