Notice

Imposition of monetary penalty: Standard Chartered Bank

OFSI report of penalty for breach of financial sanctions – loans to a subsidiary of a designated person.

• From: Office of Financial Sanctions Implementation and HM Treasury
• Published: 31 March 2020

Documents

Penalty for breach of financial sanctions, Standard Chartered Bank

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Details

Penalty imposed on Standard Chartered Bank due to a series of 102 loans to Denizbank A.Ş. between 8 April 2015 and 26 January 2018. At the time the loans were made, Denizbank A.Ş. was almost wholly owned by Sberbank of Russia.

Published 31 March 2020