Standard Chartered says problems with in its surveillance system – part of its anti-money laundering systems and controls – were likely to result in a fine by New York's financial regulators, as well as remedial action and an extension of a two-year monitoring period - Reuters Photo.
NEW YORK/LONDON: Standard Chartered Plc has warned it faces another fine from New York's financial regulator for problems in its anti-money laundering controls, piling more pressure on the Asia-focused bank and its bosses.
The London-based bank said on Wednesday problems in its surveillance system – part of its anti-money laundering systems and controls – were likely to result in a fine, remedial action and an extension of a two-year monitoring period.
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