StanChart CEO Says Bank Shut Down Accounts of Russian ‘Bad Guys’
AI Summary
Standard Chartered's CEO Bill Winters revealed that the bank closed accounts linked to a Russian money laundering network attempting to bypass Western sanctions imposed after Russia's invasion of Ukraine. This move reflects ongoing financial scrutiny against illicit activities involving Russia.
Standard Chartered Plc Chief Executive Officer Bill Winters said the bank had shut down the accounts used by a Russian money laundering ring after it discovered attempts to circumvent Western sanctions imposed in the wake of the invasion of Ukraine.
World Politics Markets Deals Commodities Standard Chartered Bill Winters Russian sanctions money laundering Ukraine invasion financial crime