Aug
18
Financial consultant Promontory pays $15M to end fight with New York
ByThe firm has been defending claims by the state that it was lenient on Standard Chartered dealings with Iran and other countries.
Promontory Financial Group LLC will pay $15 million to settle a dispute with New York’s banking regulator over its work reviewing Standard Chartered Plc’s dealings with Iran and other countries under U.S. sanctions.
Promontory also agreed not to accept new consulting work that requires the state’s Department of Financial Services to authorize the disclosure of confidential information…
Financial consultant Promontory pays $15M to end fight with New York
