Standard Chartered hit with money-laundering and terrorism fine

The fine relates to transfers from the lender’s Guernsey operations to its counterpart in the Asian nation in 2015 and 2016.

Standard Chartered claims

By Ravender Sembhy, Press Association City Editor

Standard Chartered has been slapped with a 5.2 million Singapore dollar (£2.8 million) fine for breaching anti-money laundering and anti-terrorism funding regulations.

The fine, meted out by the Monetary Authority of Singapore, relates to transfers from the lender’s Guernsey operations to its counterpart in the Asian nation in 2015 and 2016.