Standard Chartered Agrees Extension of U.S. Prosecution Agreements
10 Novembre 2017 - 8:58AM
Dow Jones News
By Adam Clark
Standard Chartered PLC (STAN.LN) said Friday that it has agreed
to an extension of the deferred prosecution agreements it reached
with U.S. authorities in 2012 over sanctions compliance.
The emerging-markets lender said that the agreements have been
prolonged to last as long as the appointment of its independence
compliance monitor, which is to continue until July 28, 2018.
The deferred prosecution agreements were initially struck in
December 2012.
Standard Chartered said that the extension acknowledges that it
has taken steps to enhance its sanctions-compliance program, but
hasn't yet reached the required standard.
The company continues to cooperate with an ongoing U.S.
sanctions-related investigation, it added.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
November 10, 2017 02:43 ET (07:43 GMT)
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