Standard Chartered apologise for $14m Iranian transaction mistake

Standard Chartered are apologising for the $14m of mistakes in Iranian transactions they admit to, but that is a tiny fraction of the $250bn accusations.

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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.