November 30, 2015

Standard Bank PLC

Offering Fraud


Defendants: Standard Bank PLC

Part of a larger global settlement, this sanction was in resolution of SEC charges that Respondent failed to disclose certain payments in connection with offering of debt by the Government of Tanzania in 2013, for which it served as lead manager. Respondent allegedly failed to disclose failed to disclose payments made by an affiliate to a Tanzanian firm that received a portion of the proceeds of the $600 million offering but performed no substantive role in the transaction.

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