StanChart has done extensive planning for the review with help from an external consultant. - AFP
St Louis: Standard Chartered Plc (StanChart) will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance programme, two sources with knowledge of the matter said.
The outcome of this review could affect any penalties regulators impose on the bank for anti-money laundering lapses.
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