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Under scrutiny Standard Chartered beefs up compliance

Hires come as Navigant Consulting begins to check how the bank’s operations comply with US sanctions rules

Under scrutiny Standard Chartered beefs up compliance

Standard Chartered said Monday it has hired a slew of top compliance executives, a move that comes as the bank braces for increased scrutiny of its global sanctions controls from US officials.

The London-based bank said it has poached Steve Munro as its new head of sanctions compliance from GE Capital, Duncan Wales will join as deputy general counsel from broker Icap, and Carmel Speers will be its head of financial crime and compliance of the Middle East, North Africa and Pakistan.

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