Standard Chartered Accused of Overseeing Transactions Funding Terrorist Groups
Liverpool’s main sponsor Standard Chartered, has been accused of overseeing £7.5 billion in foreign exchange transactions with companies and individuals claimed by US government to be funding terrorist groups according to report from The Mail. These groups include Hezbollah Hamas, al-Qaeda and Taliban according to new documents submitted to a US court.
They also claimed that £78 billion of transactions were overseen by the bank between 2008 and 2013 in breach of sanctions against Iran. These documents have been seen and reported on by the BBC.
Standard Chartered first started sponsoring Liverpool in 2010. They have a £50 million per year deal with Reds and name appears on front of their shirts. The bank has twice admitted to breaching penalties against Iran and other nations in 2012 and 2019 for which they paid more than £1.33 billion in fines. However Standard Chartered has never admitted to conducting transactions that benefit terrorist organizations.

Court Filing and Bank’s Response
David Scantling, expert with decades of experience in counter-terrorist financing, has analyzed previously confidential bank spreadsheets. These were given to US government in 2012 by two whistleblowers. In his court filing on May 31, Scantling claims that Standard Chartered Bank (SCB) made multiple transactions.
These involved “with or on behalf of Iranian banks” and Middle Eastern money exchanges. According to the US government, they finance designated foreign terrorist organizations.
In a statement SCB claimed the court filing was “another attempt to use fabricated claims against the bank, following previous unsuccessful attempts.” The bank added. “We are confident the courts will reject these claims.” They have already done so repeatedly.
US authorities have previously said the whistleblower’s allegations “did not lead to the discovery of any new … violations.” Meanwhile one FBI agent told a court that it showed nothing that indicated or suggested that the bank had engaged in improper US dollar transactions beyond 2007.