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HSBC HOLDINGS, STANCHART Unknowingly Entangled in Alleged Iran Money Laundering Case: Wire
2026-04-20 08:13:31
HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) have been entangled in an alleged money laundering operation involving several million pounds linked to Iran, the UK's The Daily Telegraph reported.

The two banks are accused of having inadvertently processed transactions that were allegedly connected to Iran's efforts to circumvent sanctions, report said.

JPMorgan (JPM.US), Citi (C.US), Bank of New York Mellon (BK.US), HSBC and Standard Chartered have been ordered by a US judge to hand over records for investigation purposes.
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AASTOCKS Financial News
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