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Barclays was accused of hiding transactions on behalf of banks in those countries.
Since Monday, Standard Chartered has fiercely argued that its transactions on behalf of Iranian banks and corporations fell squarely within that loophole.
It also claimed that the regulator's interpretation of the bank's behaviour in processing transactions on behalf of Iranian clients was "incorrect as a matter of law".
Since 1989, Osama bin Laden has conducted substantial financial and business transactions on behalf of Al Qaeda and in pursuit of its goals.
It would impose severe penalties on any foreign financial institution that conducts foreign exchange transactions on behalf of Iran's central bank or other Iranian entity that is already blacklisted by other sanctions.
This is a good example of helping a client achieve its objective, and underscores the critical importance banks play in using their capital to facilitate transactions on behalf of clients".
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The transaction, on behalf of an unidentified investor, came more than four weeks before other holders could sell 232 million new shares they received from Deutsche Telekom's $35 billion purchase of the VoiceStream Wireless Corporation in May.
Jeremy Brade, who led the transaction on behalf of Harwood Private Equity, added: "We are delighted to support the acquisition of the titles and the management team with its ambitious plans for the business".
Hofmans, discreetly, says he doesn't remember how much he paid in the private transaction on behalf of Tarabilla Farms.
Cole later told a lawyer hired to investigate the transaction on behalf of the board that he hadn't asked Weinstein what the money was for, saying he'd rather not know.
Although Wall Street firms can land windfalls making speculative bets with the banks' own capital, the bulk of their trading revenue comes from transactions made on behalf of clients.
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