1600 Burrstone Road, Utica, NY 13502
(315) 792-3006

Deloitte settles with NY over Standard Chartered money laundering

(Reuters) – Deloitte Financial Advisory Services settled with New York’s banking regulator over its consulting work for Standard Chartered Bank on money-laundering issues.

Under the agreement, the consulting firm affiliate of Deloitte & Touche LLP agreed to pay $10 million, to implement reforms designed to address conflicts of interest, and to a one-year suspension from consulting work at financial institutions regulated by New York’s Department of Financial Services, the agency said…read full article

Tags: ,