Standard Chartered hire two prosecutors amid probes

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Standard Chartered has hired two former prosecutors to police its transactions for criminal activity, a spokesman said last week, as the bank wrestles with a series of legal and compliance problems.

Reuters reports that the hires in the past two months coincide with a federal probe of Standard Chartered's past compliance with sanctions laws, the latest in a string of legal issues it has faced, including some with U.S. anti-money laundering laws.

In late November, Standard Chartered hired Vincent G. Heintz, a former assistant director of the enforcement and investigations division of U.S. audit watchdog Public Company Accounting Oversight Board (PCAOB), to lead its U.S. financial crimes compliance investigations unit, said bank spokesman Chris Teo.

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Standard Chartered hires ex-U.S. prosecutors amid sanctions probe

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