Key facts
- Standard Chartered CEO Bill Winters is contesting an FCA fine.
- The fine was issued for not disclosing penalties from Venezuela and the US.
- The FCA is the UK's financial regulator.
Standard Chartered CEO Bill Winters is contesting a fine levied by the Financial Conduct Authority (FCA), the United Kingdom's financial regulatory body. The penalty stems from the bank's failure to disclose previous fines it had received from regulatory bodies in Venezuela and the United States. The specific details of the Venezuelan and U.S. penalties, and the exact reasons for their non-disclosure, were not immediately available.