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Tue August 14, 2012
British Bank Settles After Hiding Iranian Transactions
Originally published on Tue August 14, 2012 5:04 pm
The British bank accused of using its New York branch to launder money from international transaction has agreed to pay New York's top banking regulator $340 million. Regulators said the bank schemed to hide more than 60,000 financial transactions totaling $250 billion for Iranian clients. The bank denied the charges. Audie Cornish talks with Jim Zarroli.