UK bank’s actions under scrutiny in US
►http://www.aljazeera.com//news/americas/2012/08/201286175518978631.html
A banking regulator in New York state has said that a rogue Standard Chartered Plc banking unit violated US anti-money laundering laws by scheming with Iran to hide more than $250bn of transactions, and may lose its licence to operate in the US state.
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Lawsky’s order quotes a senior Standard Chartered official in London who, upon being advised by a North American colleague that its Iran dealings could cause “catastrophic reputational damage”, reportedly replied: "You f---ing Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians."