Did Standard Chartered strip as well?
Aug 7, 2012
2012: A bumper year for money laundering fines - BankersAccuity
In a record year for anti-money laundering penalties, US regulators slapped multinational banks with more than $1.1 billion in fines in 2012, specifically for ‘payment stripping’ and knowingly making payments to sanctioned countries.
Anti-money laundering (AML) violations cost financial institutions more than $1.1 billion in fines in 2012, the highest total on record on an annual basis, according to BankersAccuity, a payments and compliance data and consulting company.
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