Insurance Journal: Standard Chartered agrees to settle a long‑running investor lawsuit in London Court of Appeal for about £2B over claims that it systematically breached Iran sanctions to win business

The case, brought by more than 200 investors, stems from allegations that between 2008 and 2014 the bank processed hundreds of millions of dollars in transactions through its Dubai office on behalf of Iranian entities by disguising records — a practice internally referred to as “Project Green.” While Standard Chartered denies liability, it reached the settlement to bring the matter to a close…