From CNBC: 2024-06-04 09:08:43

Documents submitted to a U.S. federal court accuse Standard Chartered of financing sanctioned Iranian entities and terrorist groups while American authorities allegedly ignored evidence provided. The London-based bank previously faced over $1.7 billion in fines for violating sanctions, but denies running transactions for terrorist organizations.

Whistleblower Julian Knight claims U.S. officials lied by denying evidence of Standard Chartered’s wrongdoing and dismissed his case against the bank in 2019. Knight alleges the bank facilitated billions of dollars in transactions for Iran, terror groups, and front companies. Court documents point to clients including Hezbollah, Hamas, and Iran-linked entities.

Two whistleblowers accuse U.S. authorities of making false statements in court to dismiss their claims against Standard Chartered. The FBI agent involved stated the claims did not lead to discovery of new violations, leading to the case being dismissed as “meritless.” The U.S. Department of Justice has been contacted for comment.

Standard Chartered dismisses Knight’s latest claims as fabricated, stating U.S. authorities found no violations of sanctions after a comprehensive investigation. The bank spokesperson calls Knight’s allegations “false” and “discredited” while claiming the U.S. authorities confirmed the claims were meritless.

Read more: U.S. ignored evidence StanChart was serving sanctioned Iran groups: Whistleblower