U.S. prosecutors have reopened investigations into Standard Chartered to determine whether the bank, which entered into a deferred prosecution agreement in 2012, withheld evidence of Iran sanctions violations, two people briefed on the matter said.
Bloomberg News reports the U.S. Justice Department, Manhattan District Attorney Cyrus Vance Jr. and Benjamin Lawsky, superintendent of New York’s Department of Financial Services, are all reopening their original inquiries into the bank to determine whether it intentionally withheld information from regulators before the 2012 settlements, said the people, who asked not to be named because the probes are confidential.
Lawsky’s office is also planning to penalize Bank of Tokyo-Mitsubishi UFJ Ltd., part of Japan’s biggest banking group, for allegedly persuading PricewaterhouseCoopers’ Regulatory Advisory Services unit to downplay its conduct in a report about its activities to regulators, according to one of the people. PwC agreed in August to pay $25 million under a settlement with Lawsky’s office.
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