| 18th February 2016 03:23 PM | |
| Shaleen | Re: DFS Standard Chartered Hello, here I am providing you the details of the Department of Financial Services' of the Standard Chartered Bank as under: About the service: Following on from its disclosure of 6th August 2014, Standard Chartered (“the Group”) announces it has reached a final settlement with the New York State Department of Financial Services (“DFS”) regarding deficiencies in the anti-money laundering transaction surveillance system at its New York branch. The settlement provisions are summarised as follows: A civil monetary penalty of USD300m Enhancements to the transaction surveillance system at the New York branch A two-year extension to the term of the DFS-appointed independent compliance monitor A set of temporary remediation measures Restrictions: Within 30 days, requirements for inclusion of identifying information for originators After 45 days, a restriction on USD clearing services for certain Hong Kong retail business clients Within 30 days, enhanced monitoring of certain small and medium sized enterprise clients in the United Arab Emirates Contact details: Simon Kutner Head of External Communications Standard Chartered Bank Tel: ++44 7876 002 013 Email: simon.kutner@sc.com Julie Gibson Head of Conduct & Compliance Communications Standard Chartered Bank Tel: +1 917 209 5872 Email: julie.gibson@sc.com |
| 18th February 2016 03:23 PM | |
| Unregistered | DFS Standard Chartered Hello, I want to know the details of the Department of Financial Services' offered of the Standard Chartered Bank. |
