UK bank to pay $327 million fine for money laundering

Standard Chartered Bank has agreed to pay $327 million to settle federal and New York charges it laundered money on behalf of four countries that were subject to U.S. economic sanctions from 2001 through 2007. More on The Star.com. Standard Charter Bank PLC(STAN:London)(STAN.L)(STAN:LN), has been a Global Compact participant since 10-12-2001.