Sands: Iranian transactions 'in the 10s of millions of dollars'

The Sunday Telegraph's Business Editor Kamal Ahmed has tweeted:

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Peter Sands: DFS findings "contradicts information we have given them" #stanchart

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Peter Sands: gross revenues 2001-2007 from Iranian dollar transactions was "in the 10s of millions of dollars" not 100s #stanchart

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Standard Chartered says sorry

The boss of Standard Charted said allegations it hid $250 billion worth of transactions with Iran "came as a complete surprise". Peter Sands said the figure from the regulator was an estimate. It apologised for the $14m of mistakes they admitted to.