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New York state's banking regulator has hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business for failing to detect 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 punishment Tuesday 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.
By Jessica Donati and Hamid Shalizi KABUL (Reuters) - Afghanistan has given a New York Times reporter 24 hours to leave the country, accusing him of not cooperating with an investigation into his reporting, the Attorney General's office said on Wednesday. Matthew Rosenberg, 40, was summoned for questioning on Tuesday after the newspaper ran a story about officials discussing plans to form an interim government and "seize power" if a deadlock over the presidential election failed to break soon. "Due to the lack of proper accountability and non-cooperation, the Attorney General's office has decided that Matthew Rosenberg should leave Afghanistan within 24 hours," the office said in a statement. "We were also never informed of a formal investigation and we do not understand how insisting on the right to a lawyer is not cooperating.” Afghanistan is in the midst of a ballot that has dragged on for months, with both candidates claiming victory after the June 14 run off and allegations of mass fraud threatening to derail the process.
By Alexander Dziadosz and Michael Georgy BAGHDAD (Reuters) - Islamic State militants posted a video on Tuesday that purported to show the beheading of American journalist James Foley in revenge for U.S. The video, titled "A Message To America," also showed images of another U.S.