(Reuters) – London-based Standard Chartered PLC has agreed to pay US and British government $ 1.1 billion for breach of sanctions against Iran and other countries, several authorities said on Tuesday.
The penalty, which solves an investigation that began about five years ago, was shared between the US Department of Justice, the US Treasury Department's Foreign Asset Control Office, the New York County District Attorney's Office, the New York State Department of Financial Services and UK Finance Director.  In a statement on Tuesday, Standard Chartered said it accepted full responsibility for the infringement. The vast majority predicted 2012 and none of them occurred after 201
The bank has been operating in the context of a deferred indictment with US authorities since 2012, when it paid $ 667 million to illegally move millions of dollars through the US financial system on behalf of clients in Iran, Sudan, Libya and Myanmar, previously known as Burma.
The agreement has been extended several times, most recently for 10 days and ceases to expire on Wednesday.
In February, Standard Chartered said it had set aside $ 900 million for the potential dissolution of violations of US sanctions and currency trading. That sum also included FCA penalty.