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Lance Armstrong says he would still be issuing strident denials if he hadn't been caught and then forced to admit to using performance-enhancing drugs to win the Tour de France. For more than a decade, the disgraced American cyclist Armstrong repeatedly denied he ever used banned drugs and bullied others who accused him of being a cheater. Armstrong admitted to doping during a television interview broadcast in January 2013 with American talk show host Oprah Winfrey.
New York state's banking regulator hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business for not detecting possible money laundering. The New York Department of Financial Services (DFS) said the British bank's internal compliance systems had failed to detect or act on a large number of "potentially high-risk transactions" mostly originating from Hong Kong and the United Arab Emirates. The new punishment came two years after the bank paid US regulators $667 million to settle charges it violated US sanctions by handling thousands of money transactions involving Iran, Myanmar, Libya and Sudan. A DFS monitor appointed in 2012 to keep an eye on the bank discovered that it had not detected the allegedly high-risk transactions from Hong Kong and the UAE or reported them as it should have, the department said.