Standard Chartered

3 mn readInternational banking and diplomatic corridors have had major developments in the past few years. Standard Chartered, a British jewel of world banking yet, faces severe allegations. Court papers filed in New York federal court assert that between 2008 and 2013, the bank knowingly processed at least $100 billion (£79 billion) in transactions in clear violation of the financial ban against Iran, part of which was allegedly used to fund terrorist groups such as Hezbollah, Hamas, al-Qaeda and the Taliban.