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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

    Aviator Beryl Markham Soars Again In 'Paris Wife' Author's New Book

    "It is my fate to illuminate the lives of these one-of-a-kind notable women that have been somehow forgotten by history," says Paula McClain. She shines her spotlight on Markham in Circling the Sun.
    NPR

    At The Purple Pie Place, Where The Crusts Are Just Sweet Enough

    Bobkat's Purple Pie Place is a fixture in Custer, S.D. From chicken pot pie to strawberry rhubarb, Trevor Yehlie and his family have been baking and serving pies at the local favorite since 2009.
    NPR

    SuperPACs Report Their Funds — And The Numbers Are Staggering

    SuperPACs released their latest funding numbers Friday, and already it's clear that the committees' roles in 2016 will be gargantuan.
    NPR

    Despite Host Controversy, Amazon Takes A Chance On 'Top Gear'

    The trio that made Top Gear the world's biggest car show will return to the small screen in a new show for Amazon Prime. The BBC canned one of its hosts last year after a fight with a producer.

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