India’s anti-money laundering agency has fined Standard Chartered Plc with how much money?
India’s anti-money laundering agency has fined Standard Chartered Plc with how much money? Correct Answer 1 billion rupees
The correct answer is 1 billion rupees.
- India’s anti-money laundering agency has fined Standard Chartered Plc 1 billion rupees ($13.6 mn).
- It was fined for breaking foreign exchange rules when it worked on the takeover of a local bank, marking one of the country’s biggest penalties imposed on an overseas lender.
- An eight-year probe found that Standard Chartered violated the foreign exchange management act, during 2007.
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Feb 20, 2025