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The
bank is hiring a head of sanctions for the Middle East, North
Africa and Pakistan to ensure the bank's work complies with
sanctions requirements, as well as a regional head of learning
and training within financial crime compliance, and other staff
within compliance, according to postings on LinkedIn.
A spokesman for Standard Chartered said it continued to build on
its investments in legal and regulatory capabilities.
"We have a significant program of work underway to enhance our
capabilities, systems and controls around financial crime," the
spokesman said.
Standard Chartered has been ramping up its global staffing to
police its transactions for criminal activity in recent months
and in August named former JPMorgan <JPM.N> employee Carmel
Speers as head of financial crime compliance for the Middle
East, North Africa and Pakistan, based in Dubai.
The British bank has had a tricky time with U.S. and New York
authorities since being fined three years ago for
sanctions-related violations. Deferred prosecution agreements
from the 2012 deals remain in effect, and U.S. prosecutors are
still investigating potential violations.
The hiring spree follows the departure of staff from other parts
of the business in the region earlier this year. Viswanathan
Shankar, chief executive of Europe, Middle East, Africa and
Americas, resigned, while Christos Papadopoulos will stand down
in October from his position as regional chief executive of the
Middle East, North Africa and Pakistan.
(Reporting By Tom Arnold; Editing by Muralikumar Anantharaman)
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