In Case You Missed It: [UANI Says] "Standard Chartered's Penalty Not Severe Enough" UANI's Statement on Standard Chartered Reported by CNBC.com, AFP  Standard Chartered's Penalty Not Severe Enough: Fmr. Ambassador By Jason Gewirtz CNBC.com August 14, 2012 Minutes after New York State's Department of Financial Services announced a $340 million settlement with British bank Standard Chartered for doing business in Iran, the main lobby group pushing for increased sanctions against anyone doing business with the Islamic Republic issued a statement of its own on Tuesday. Former U.S. Ambassador to the United Nations Mark Wallace, CEO of United Against a Nuclear Iran, said "given the reports of Standard Chartered's egregious actions the penalty should have been more severe."... Before the Department of Financial Services announced the settlement Wallace appeared on CNBC's "Power Lunch." "This is no time for a slap on the wrist," he said. "We think they should get the equivalent of the financial death penalty - meaning losing their license to do business in the United States and New York." Wallace and his group are calling for a "complete and total economic blockade of Iran." ...  Click here to read the full piece.       Standard Chartered fined $340m over Iran deals Agence France-Presse August 14, 2012 Standard Chartered on Tuesday settled allegations that it helped Iranian clients dodge US sanctions, announcing a fine of $340 million from a New York banking watchdog. The "civil penalty" came amid allegations that the London-based bank hid 60,000 transactions with proscribed Iranian clients worth $250 billion over ten years. ... The "United Against Nuclear Iran" lobby group said New York authorities had been too lenient, and federal investigators should not make the same mistake. "Given the reports of Standard Charter's egregious actions the penalty should have been more severe," the group said in a statement. "Any financial institution that is found to be in violation of Iran sanctions should receive the financial equivalent of the death penalty and lose its license to do business in the United States." Click here to read the full piece.  Click here to read UANI's statement on Standard Chartered.  Click here to watch Ambassador Wallace appear on today's CNBC's "Power Lunch." ###                                                                        United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace. United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons.  UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures. UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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