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The
London-listed bank's shares were down 2.4 percent at 705.6 pence
by 0300 EDT, underperforming a flat European banking index.
Standard Chartered paid U.S. authorities $667 million in 2012
after breaking sanctions, including with Iran, and was last year
fined another $300 million after shortcomings in its monitoring
were uncovered. In December U.S. authorities extended their
monitoring of the bank's sanctions compliance by three years,
partly due to "possible historical violations" of U.S. sanctions
laws that took place after 2007.
The FT said on Monday it had seen documents suggesting that
after the 2012 settlement Standard Chartered "was still
internally reviewing its client list and was unable to determine
in certain cases whether customers were Iranian or not."
The newspaper said it had identified transactions involving Iran
that could put the bank at risk of severe penalties ranging from
further fines to suspension or loss of its crucial U.S. dollar
clearing license.
Standard Chartered was not immediately available to comment. The
FT quoted the bank as saying following its decision to close its
Iranian business in 2007 it had "a number of legacy obligations
including dormant accounts, outstanding loans and trade-finance
agreements. Those legacy obligations have been handled in an
appropriate manner in non-U.S. currencies and since 2007 it has
been the group's policy not to pursue any new business with
known Iranian entities."
The bank has said it is cooperating with the investigations by
U.S. authorities.
(Reporting by Steve Slater, editing by Louise Heavens)
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