Financial watchdogs in Europe and Asia are investigating Standard Chartered PLC over the transfer of 1.4 billion dollars of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter. The Monetary Authority of Singapore (MAS) and Guernsey’s Financial Services Commission are looking into […]

A proposal to enter into a Deferred Prosecution Agreement (“DPA”) with Standard Bank Plc (now known as ICBC Standard Bank Plc), has already been approved in principle by Lord Justice Leveson.  On Monday, 30th November 2015, the SFO will apply for final approval of the DPA before the same judge at Southwark Crown Court, sitting […]

The U.K. Serious Fraud Office is seeking to enter into a plea agreement with ICBC Standard Bank Plc, marking the first deferred prosecution agreement the agency has issued since receiving new powers last year. The deal, which was approved in principle in a private hearing with Judge Brian Leveson, will go before a London court […]