Corruption in the Financial Services Industry by International Bank Fraud Lawyer and International Bank Bribe Lawyer Jason S. Coomer

International Whistleblower Reward Laws Offer Large Rewards and Bounties to International Whistleblowers That Expose Fraud, False Accounting, Government Bribes, and Corruption in the Financial Services Industry by International Bank Fraud Lawyer and International Bank Bribe Lawyer Jason S. Coomer

New International Whistleblower Reward Laws have been enacted to encourage professionals with knowledge of financial services fraud, financial services government bribes, investment fraud and false accounting, banking violations, and other Foreign Corrupt Practice Act Violations, to expose the fraud and corruption.  These new international whistleblower reward laws offer large financial rewards and whistleblower protections for persons that qualify and expose significant fraud and corruption.

If you are the original source with special knowledge of fraud and are interested in learning more about a potential bank employee whistleblower lawsuit, International Bank Bribe Lawyer and International Bank Fraud Lawyer.


Standard Chartered to Pay $340 Million Over Iran Transactions - Corruption Currents - WSJ

"Standard Chartered PLC agreed to pay New York’s top banking regulator $340 million, averting a public showdown and ending a weeklong, trans-Atlantic regulatory drama, the Wall Street Journal reported Tuesday."

"After a harried week of debate, the U.K.’s fifth-largest bank by assets reached a settlement with New York’s Superintendent of Financial Services, Benjamin M. Lawsky. The agreement came eight days after Lawsky accused the bank of illegally scheming over a decade to hide more than 60,000 financial transactions totaling $250 billion for Iranian clients."

"The bank previously responded by calling the New York report “factually inaccurate,” and U.K. officials came to its defense."

"Four other U.S. regulators that have been probing the bank’s actions weren’t part of the settlement. The U.S. Treasury Department, the Federal Reserve, the U.S. Department of Justice and the Manhattan District Attorney’s office have been negotiating with Standard Chartered since 2011 to reach a settlement over its Iran-related transactions."

"Lawsky’s public foray appeared to surprise other regulators who reportedly held different views of Standard Chartered’s actions and were advocating pursuing different remedies.  As part of the settlement, Standard Chartered agreed to install a monitor chosen by Lawsky’s office to oversee its international transactions. The bank also agreed to appoint its own auditors in its New York office to oversee compliance with U.S. money-laundering laws. The bank acknowledged that the settlement covers $250 billion of transactions that the company handled for Iranian clients."