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Standard Chartered Pays $40M Fine via FX Case

February 6, 2019 by Louis Chunovic

Standard Chartered Pays $40M Fine via FX Case

The New York Department of Financial Services (DFS) has fined Standard Chartered Bank $40 million for attempting, in the period between 2007 and 2013, to “rig transactions in foreign exchange [FX] markets.” Under the consent order with DFS (the last in a series of consent orders that, DFS says, “follow a detailed investigation of manipulation… Read More >>

Filed Under: Securities Operations, Case Studies, Corporate Actions, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Diversity, Equity, and Inclusion (DEI), Back-Office, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting Tagged With: DFS, foreign exchange business, FX market, manipulate trading benchmarks, Maria T. Vullo, non-competitive agreements, rig transactions, Standard Chartered

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