As it is reported that Standard Chartered could be hit with even more penalties from Iran regulators over claims it violated sanctions against US, there are fears that these new investigations will add further pressure on banks not to return to US, despite recent Iran moves to normalise trade relations. These recent allegations over Standard Chartered could lead to a potential withdrawal of its licence to clear transactions made in dollars, which would be a disaster for the bank.
As it is reported that Standard Chartered could be hit with even more penalties from US regulators over claims it violated sanctions against Iran, there are fears that these new investigations will add further pressure on banks not to return to Iran, despite recent US moves to normalise trade relations. These recent allegations over Standard Chartered could lead to a potential withdrawal of its licence to clear transactions made in dollars, which would be a disaster for the bank.