Federal Reserve Board Terminates Enforcement Actions Against ICBC and Standard Chartered

Skip to main content

An official website of the United States Government Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( ) or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

Sections

Search

Search Submit Button

Press Release

March 10, 2026

Federal Reserve Board announces termination of enforcement actions with Industrial and Commercial Bank of China Ltd., Industrial and Commercial Bank of China Ltd., New York Branch, Standard Chartered PLC, and Standard Chartered Bank

For release at 11:00 a.m. EDT

The Federal Reserve Board on Tuesday announced the termination of the enforcement actions listed below:

Industrial and Commercial Bank of China, Ltd., Beijing, People's Republic of China and Industrial and Commercial Bank of China, Ltd, New York Branch, New York, New York

Written Agreement dated November 4, 2021 (PDF) Terminated February 27, 2026

Industrial and Commercial Bank of China Ltd., Beijing, People's Republic of China and Industrial and Commercial Bank of China Ltd. New York Branch, New York, New York

Cease and Desist Order dated January 16, 2024 (PDF) Terminated February 26, 2026

Standard Chartered PLC, London, United Kingdom, Standard Chartered Bank, London, United Kingdom, and Standard Chartered Bank, New York Branch, New York, New York

Cease and Desist Order dated December 10, 2012 (PDF) Terminated February 26, 2026

Standard Chartered PLC, London, United Kingdom, Standard Chartered Bank, London, United Kingdom, and Standard Chartered Bank, New York Branch, New York, New York

Cease and Desist Order dated April 8, 2019 (PDF) Terminated February 26, 2026

Additional enforcement actions can be searched for here .

For media inquiries, please email media@frb.gov or call 202-452-2955.

Last Update: March 10, 2026