Standard Chartered was still reviewing if some of its clients were Iranian or Iran-connected entities in 2013, the Financial Times said, saying it had identified transactions that could put the bank at risk of more U.S. penalties.
Standard Chartered paid U.S. authorities $667m in 2012 after breaking sanctions, including with Iran, and was last year fined another $300m after shortcomings in its monitoring were uncovered. In December U.S. authorities extended their monitoring of the bank's sanctions compliance by three years, partly due to 'possible historical violations' of U.S. sanctions laws that took place after 2007.
The FT said on Monday it had seen documents suggesting that after the 2012 settlement Standard Chartered 'was still internally reviewing its client list and was unable to determine in certain cases whether customers were Iranian or not'.
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