Investment Banking

Standard Chartered processed payments for terror groups and Iran, lawsuit says

Standard Chartered has been accused of facilitating payments to sanctioned entities.
Standard Chartered has been accused of facilitating payments to sanctioned entities. Photo: Isaac Lawrence/Getty Images

Two whistleblowers have said they have uncovered new evidence that British bank Standard Chartered facilitated billions worth of payments on behalf of sanctioned entities including Hamas, Al-Qaeda and the Iranian state, court filings show.

In a filing to a New York Court on 31 May, the whistleblowers said they had discovered “hidden data” in excel spreadsheets that show Standard Chartered made more than $100bn worth of foreign exchange transactions on behalf of “Iranian-related clients” between 2008 and 2013. 

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