Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Banking, Sanctions, US

NEWS: US lawmakers push for sanctions evasion probe at Standard Chartered

Premium August 18, 2025

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo

LATEST: US sanctions Venezuela’s Tren de Aragua gang over $40m ATM ‘jackpotting’ scheme

 Premium

NEWS: BaFin’s Rodolphe warns countries that go soft on financial crime pay a steep price

 Premium

EXCLUSIVE: AMLA members divided over how to calculate fines for banks over FCC failings

By Iain Withers, Alun John and Samuel Indyk

STANDARD Chartered shares dropped after a U.S. Republican lawmaker wrote to the Attorney General, Pam Bondi, asking for a probe to be launched into the bank, claiming it was involved in sanctions evasion.

Elise Stefanik, a New York Republican, requested in a letter shared on the X social media platform and published on her website that a special attorney be appointed to look into Standard Chartered’s alleged failings.

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in

LATEST: US sanctions Venezuela’s Tren de Aragua gang over $40m ATM ‘jackpotting’ scheme

 Premium

NEWS: BaFin’s Rodolphe warns countries that go soft on financial crime pay a steep price

 Premium

EXCLUSIVE: AMLA members divided over how to calculate fines for banks over FCC failings

Regulatory Watch News

  • FCA opens the gateway to regulated crypto

    Financial Conduct Authority

     
    For the first time, crypto firms operating in the UK will be brought into full FCA regulation, with clear standards covering consumer protection, safeguarding, market integrity and financial resilience. This is a significant milestone, not just for the industry, but it signals to those who invest in crypto that the UK is serious in giving them protections they have never had before. It also gives the sector clarity and legitimacy that comes with a proper regulatory framework.

  • New general trade licences published under the Russia sanctions regime

    OFSI

    Today, the Office of Trade Sanctions Implementation (OTSI) has published two general trade licences under the Russia sanctions regime.  

    The licences relate to UK involvement in the maritime transportation of Russian liquified natural gas (LNG) to Japan and South Korea under specific, pre-existing contractual arrangements.  

    Supporting diversification away from Russian energy strengthens long-term pressure on Russia’s energy sector. Japan and South Korea are close partners and important contributors to international support for Ukraine. 

  • Croatia: Four arrested on suspicion of defrauding funds for earthquake repairs

    European Public Prosecutor's Office

    Luxembourg, 1 October 2026) – The European Public Prosecutor’s Office (EPPO) in Zagreb (Croatia) has initiated an investigation against four individuals suspected of subsidy fraud. The four suspects were arrested yesterday at the request of the EPPO, while other investigative activities were conducted in cooperation with the Zagreb Police Department. The investigation revealed that the suspects, in their roles of company owners, wanted to illegally obtain approximately €685 000 in non-refundable support, co-financed by the European Agricultural Fund for Rural Development (EAFRD), to restore agricultural land and production potential damaged by an earthquake that had struck the Sisak area on 29 December 2020.

Sign Up To Our Newsletter

Contact Us