Sounds too low to me.....Like SAIC paying NYC tax payers back 455 million dollars a bargin.
Score one for the new guy!
Newbie watchdog Benjamin Lawsky has struck an agreement to settle anti-money laundering charges with UK bank Standard Chartered.
The giant London bank headed by CEO Peter Sands, who was spotted in Manhattan earlier today, will pay a $340 million penalty to the nine-month old New York state Department of Financial Services — a newly created nine-month old agency headed by Lawsky.
Standard Chartered, which had been charged with laundering as much as $250 billionfunds with Iran’s despotic regime, acknowledged that the “conduct at issue involved transactions of at least $250 billion” that was cited in an order issued by the DFS a week ago Monday.
Read more: http://www.nypost.com/p/news/business/standard_charter_to_pay_fine_rpycg1noycXdv7imdt5Z0H#ixzz23YJvV6C2
