Standard Chartered expects $330m US fines

Last Updated: Thu, Dec 06, 2012 09:45 hrs

Standard Chartered bank says it expects to pay $330 million in fines to U.S. agencies to settle charges of violating sanctions against Iran.

The bank said Thursday that it believes investigations by the U.S. Department of Justice, the Treasury and the Federal Reserve will soon be resolved.

Standard Chartered PLC previously paid $340 million to settle an investigation by the New York State Department of Financial Services.

More from Sify: