Embattled bank Standard Chartered has today created a financial-crime committee as it admitted that it will have US monitors in its New York offices for another three years.
The move is part of an extension to its “deferred-prosecution agreement” with the New York County district attorney and the US Department of Justice until 2017.
The committee includes nine executives from around the globe who will look to combat practices including bribery and money laundering.
Two years after paying huge fines for sanctions busting, investigators are now probing whether the bank, largely focused on emerging markets, violated US sanctions beyond 2007.
The news is a fresh blow to chief executive Peter Sands, who is under pressure to improve performance after three profit warnings in a year.
The bank’s shares are at two-year lows and fell 1.1% today to 934p.
