NY1 From The Floor PM: Standard Chartered Bank Accused Of Money Laundering
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NY1 wraps up the day on Wall Street from the floor of the New York Stock Exchange.
Standard Chartered Bank has been accused of violating anti-money laundering laws. New York regulators allege that the U.S. arm of the London-based bank hid $250 billion worth of transactions with Iranian banks for roughly nine years. That, they say, hurt efforts to protect the U.S. financial system against terrorists, weapons dealers and corrupt regimes. The regulator says that U.S. unit may be