HSBC, Standard Chartered flagged in Iran-linked probe

A Telegraph investigation alleges HSBC and Standard Chartered processed payments tied to an Iranian sanctions-evasion network, with both banks described as “unwitting” intermediaries.

The case involves a multimillion-pound scheme, with a US judge ordering records as part of the probe.

Both banks previously paid major fines for sanctions breaches, including $1.9B (HSBC) and $1.1B (Standard Chartered).