Tag: iran

Department of Financial Services’ (DFS) order to Standard Chartered Bank reads sensationally and personally. The extent of the banks’ wrongdoing is exaggerated.

The Department of Financial Services’ (DFS) accuses Standard Chartered Bank of hiding information in transactions for which ING and HSBC have just incurred record fines.

China and Singapore have been left off a new list of countries exempted by the US from oil trade with Iran. The decision appears to be made based on the reduced volume of trade conducted, but the US has been cagey to make thresholds, if any, public.