RBS probed over possible Iran sanctions violations
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US authorities are investigating Royal Bank of Scotland over possible breaches of sanctions on Iran, as part of a crackdown in which Standard Chartered has already agreed to pay a heavy fine for transactions involving Tehran.
An RBS spokeswoman referred on Wednesday to disclosures alongside the bank's half-year results earlier this month. These stated that RBS had initiated talks with US and UK authorities on whether it complied with economic sanctions on Iran, and that it could face a material impact from the investigation. (Reuters)
