The Federal Reserve Board announced the issuance of a consent order to cease and desist and a civil money penalty assessment of $100 million against Standard Chartered PLC and its branch in New York. The orders address unsafe and unsound practices related to inadequate and incomplete responses to examiner inquiries as well as insufficient oversight of its compliance program for U.S. Economic sanctions, Bank Secrecy Act, and anti-money-laundering requirements. For more info visit http://www.federalreserve.gov/newsevents/press/enforcement/20121210a.htm