Standard Chartered Plc's Group Finance Director Richard Meddings cursed Americans in a conversation cited by a New York watchdog pursuing a money laundering case against the British bank, people familiar with the situation said on Wednesday.
However, Standard Chartered executive Ray Ferguson who attended the 2006 meeting in question, said Meddings' remark - rendered by the regulator as "You f---ing Americans" - was not followed by the complaint about U.S. financial sanctions on Iran which was alleged by the New York state banking regulator.
And Standard Chartered CEO Peter Sands told reporters on Wednesday: "We don't believe the quote was accurate."
In a document alleging the British bank hid $250 billion of illegal transactions tied to Iran, the New York State Department of Financial Services quoted an unnamed Standard Chartered executive director saying in 2006 at a meeting about Iran sanctions: "You f---ing Americans. Who are you to tell us, the rest of the world that we're
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