If you have not yet read the complete text of the Order Pursuant to Banking Law §39, entered against Standard Chartered Bank by the New York State Department of Financial Services (DFS), you may access it here. The lengths to which the bank went, for a decade, to hide its Iranian transactions, are frankly, obscene; Read it for yourself.
On 15 August, the bank is due in the DFS offices, to demonstrate why its license to operate in the State of New York SHOULD NOT BE REVOKED. We will be closely following this case; Stay tuned.
chapter 7 bankruptcy,
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