News Summary: RBS probed by US on Iran sanctions

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UK-US-IRAN: U.S. officials are investigating possible violations of sanctions against Iran by Royal Bank of Scotland, Britain’s Financial Times reported Wednesday..

ROUND TWO: Another British bank, Standard Chartered, agreed this month to pay $340 million to a New York regulator to settle accusations that it hid illegal transactions with Iran and violated U.S. sanctions law. Investigations by other U.S. agencies are continuing in that case.

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