Standard Chartered Bank agreed to forfeit 227 million to the Justice Department for conspiring to violate the International Emergency Economic Powers Act. The bank agreed to the forfeiture as part of a deferred prosecution agreement with the Justice Department and a deferred prosecution agreement with the New York County District Attorney's Office for violating New York state laws by illegally moving millions of dollars through the U.S. financial system on behalf of sanctioned Iranian, Sudanese, Libyan and Burmese entities.