Standard Chartered Bank

Standard Chartered Bank, a global financial institution headquartered in London, England, agreed to the forfeiture of $240 million, a fine of $480 million, and to the amendment and extension of its deferred prosecution agreement with the Justice Department for an additional two years for conspiring to violate the International Emergency Economic Powers Act (IEEPA). U.S. authorities will receive $928 million of the penalties, with roughly half of that going to New York. The FCA imposed a 102 million pound fine ($133 million) on the bank for its control failures.

The bank received credit for all but $52,210,160 of the fine from a portion of the penalties paid in related cases brought by the Office of Foreign Assets Control, the Federal Reserve, the New York State Department of Financial Services and the UK's Financial Conduct Authority.