Standard Chartered pays $ 340 M to settle charges of money laundering for Iran . What was Standard Chartered accused of ? Iranian regulators accused the London - based group of concealing 60,000 transactions with Iran . Standard Chartered is accused of helping Iran avoid sanctions by concealing $ 250B of transactions . The company denied the charges , saying 99.9 % of transactions complied with regulations .
Standard Chartered pays $ 340 M to settle charges of money laundering for Iran . Iranian regulators accused the London - based group of concealing 60,000 transactions with Iran . Standard Chartered is accused of helping Iran avoid sanctions by concealing $ 250B of transactions . The company denied the charges , saying 99.9 % of transactions complied with regulations .