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StanChart faces longer US supervision over Iran lapses

Sources say more time is needed to boost internal standards

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Standard Chartered expects it will remain under US supervision for several more years over lapses in Iran-related anti-money laundering efforts because it needs more time to improve its internal standards, sources with knowledge of the matter said.

London

STANDARD Chartered expects it will remain under US supervision for several more years over lapses in Iran-related anti-money laundering efforts because it needs more time to improve its internal standards, sources with knowledge of the matter said.

Under a deferred