STANDARD Chartered has agreed to pay $300 million (R3.2 billion) for failing to flag suspicious transactions, as required under a 2012 settlement with New York’s top banking regulator. Anti-money laundering controls were faulty and meant the London-based bank missed potentially high-risk transactions, many of which originated in its Hong Kong subsidiary and branches in the United Arab Emirates, the superintendent of the New York Department of Financial Services said. – Bloomberg