Add lying to the crimes of Standard Chartered Bank

On March 5 the Chairman, Sir John Peace, said that there was“no wilful act to avoid sanctions; you know, mistakes are made – clerical errors”.  This was in reference to the fines paid by the bank with regard to violating our sanctions laws.  Last week Sir John retracted these comments as they were “both legally and factually incorrect”.  He went on,  “Standard Chartered Bank unequivocally acknowledges and accepts responsibility . . . for past knowing and wilful criminal conduct in violating US economic sanctions laws and regulations.” 

This retraction was not made of the bank's volition.  The NYC District Attorney's office forced it.