“After years of halfhearted efforts that did little to diminish the threat of a nuclear Iran, we are finally seeing results from new tough sanctions. But we can’t expect the new sanctions to be respected if we ignore prior violations. New York’s Department of Financial Services is absolutely right to take aggressive action against Standard Chartered for making illegal deals with Iranian partners. We need regulators like Benjamin Lawsky who uphold the law and refuse to tolerate a dangerous status quo.”
