Any response about Standard Charter processing payments for terrorists. Could be a problem for us financially
It won’t have an issue
They will pay a big fine and work on a restricted licence like hsbc did for example. The precedent is set
Eg they will need to improve controls, submit evidence of transactions and so on for a period of years
I suppose the way it could hurt us, is that they end the deal to cut back on costs when they pay the fine (will be billions imo)
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