U.K. Bank Accused of Laundering $250 Billion for Iran

Standard Chartered, a bank in England, has been accused of laundering $250 billion for Iran over a six-year time span. Defying sanctions against doing business with Iran, Standard Chatered joins HSBC, Barclay’s, Lloyd’s, Credit Swiss and still others in a summer of scandals that have seen officials uncover a vast system of profit-making for doing business with the supposedly isolated Iranian regime.