STEVE INSKEEP, HOST: NPR's business news starts with a bank writing another big check.</s>STEVE INSKEEP, HOST: The Royal Bank of Scotland was fined $100 million yesterday for violating American sanctions on Iran and Cuba. The bank had given its U.K. employees step-by-step instructions on how to keep transactions from being detected for sanctions violations.</s>STEVE INSKEEP, HOST: Last year, the London-based banks Standard Chartered and HSBC also received fines for breaking U.S. sanctions.
The bank was fined $100 million Wednesday for violating the U.S. sanctions. It had given its U.K. employees step-by-step instructions on how to keep transactions from being detected for sanctions violations.