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UBS admitted early this year that it schemed to defraud the U.S. government by helping Americans hide money in secret Swiss accounts.
Barclays, in late June, agreed to pay $450 million to U.S. and British regulators to settle allegations that it schemed to rig the London interbank offered rate, or Libor, a critical lending rate used around the world.
UBS earlier this year admitted that it schemed to defraud the U.S. government by helping American clients hide money from the IRS -- for example, by holding their assets in the names of offshore companies.
The agreement is a victory for Benjamin M. Lawsky and his 10-month old agency, the New York Department of Financial Services, which took on the bank alone in charging that it schemed for nearly a decade with Iran to hide from regulators 60,000 transactions worth $250 billion.
See articleIn this section Politics this week Business this week KAL's cartoon ReprintsNew York settlementStandard Chartered agreed to pay $340m to settle claims by a New York state financial regulator that it "schemed" with the Iranian government by hiding the details of transactions with Iran totalling $250 billion, in possible contravention of American sanctions.
Standard Chartered firmly rejected US claims that it "schemed" with Iran to conduct secret transactions worth $250bn £160bnn) when it was first accused earlier this year.
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So I was relieved when I secured a place on the IT scheme with the Net-a-porter group.
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Want to rebrand, downsize, offload staff, buy a big new IT scheme, rethink your research strategy?
It's a "take-it-or leave it" scheme dropped on the legal assistance sector by the commonwealth.
Identical Transmissions (IT) Scheme.
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