StanChart CEO Says Bank Shut Down Accounts of Russian ‘Bad Guys’
Standard Chartered CEO Bill Winters stated the bank closed accounts linked to a Russian money laundering ring. The action followed efforts to bypass Western sanctions imposed after the invasion of Ukraine.
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.
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