Benjamin Lawsky

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  LIBOR Case Subpoenas Expand to 16 Banks

  By Marlene Y. Satter, AdvisorOne  |  October 26, 2012

  Now the list of subpoenaed banks has expanded to a total of 16, including Société Générale and Royal Bank of Canada (RBC), and more attorneys general are coming in on the investigation.

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  Standard Chartered to Pay $340M Over Iran Laundering Allegations

  By Michael Virtanen, Associated Press  |  August 14, 2012

  The settlement resolves an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007.

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  Standard Chartered CEO Comes to New York

  By Marlene Y. Satter, AdvisorOne  |  August 14, 2012

  Peter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the state’s Department of Financial Services on whether the bank should lose its charter to operate there.

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  New York on Solid Ground to Sanction Standard Chartered, Experts Say

  By Marlene Y. Satter, AdvisorOne  |  August 10, 2012

  Experts in the U.S. and abroad say that the bank's internal e-mails give the New York regulator a basis for its unilateral action.

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  N.Y. Action on Standard Chartered Surprised Other Regulators

  By Marlene Y. Satter, AdvisorOne  |  August 8, 2012

  Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.

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  New York Regulator Threatens to Suspend Standard Chartered Over Iran Dealings

  By Marlene Y. Satter, AdvisorOne  |  August 7, 2012

  The New York Department of Financial Services has warned the British bank Standard Chartered that it could be suspended from doing business in the state over charges that it violated money-laundering laws in dealings with institutions in Iran that are subject to U.S. economic sanctions.

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  No Substitutions

  By Marlene Y. Satter, AdvisorOne  |  March 26, 2012

  In 2010, the insurance industry was the target of a lot of bad press regarding retained asset accounts (RAAs) that were provided to the beneficiaries of military service members killed in action.