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    British Bank Agrees To $340 Million Settlement Over Laundering Charges

    Britain's fifth-largest bank has agreed to pay $340 million to settle charges by New York regulators that it laundered money for Iranian clients.

    NPR's Chris Arnold filed this report for our Newscast unit:

    "In court documents, the regulator alleged that for 10 years Standard Chartered Bank quote 'schemed with the Government of Iran and hid from regulators roughly 60,000 secret transactions... involving $250 billion dollars and reaping hundreds of millions of dollars in fees for the bank.'

    "The money flowed through the New York branch of the British bank. Under U.S. law, any money transfers coming from the Iranian banks involved must be subjected to regulatory scrutiny. Some transactions can be rejected for security reasons. So the British bank allegedly falsified documents to hide the source of the money.

    "Now, that the New York's superintendent of Financial Services Benjamin Lawsky has reached a settlement the British bank will install a monitor."

    The New York Times reports that this is a big win for New York's Department of Financial Services, which was just formed last year.

    Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

    NPR

    'It's A Surviving Tool': 'Native' Tells Satirical Stories Of Life In Israel

    NPR's Kelly McEvers talks to author Sayed Kashua, an Israeli-Palestinian whose satirical weekly columns in Haaretz newspaper are collected in his new book called Native.
    NPR

    What The Heck Is Natural Wine? Here's A Taste

    Natural wines can be off-putting at first: perhaps darker than usual, a little fizzy or cloudy. Some find them charming, others unsophisticated. Here's a guide to this trending, quirky style of wine.
    NPR

    Jim Gilmore, Who Was Campaigning For President, Isn't Anymore

    He had the resume — swing-state governor, veteran, ex-party leader — but there's a good chance you had no idea he was running. Judging by vote totals, Iowa and New Hampshire may have missed it too.
    NPR

    Colonialism Comment Puts Facebook Under Scrutiny

    A Facebook board member lambasted a decision by regulators in India, the social network's second-largest market. He thereby sparked new scrutiny of Facebook's intentions in that country.

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