Following the New York Department of Financial Services fine of $340 million in August, on 10 December 2012 Standard Chartered agreed a combined settlement with other U.S. regulators: a civil money penalty of $100 million the U.S. Federal Reserve and a forfeiture to the U.S. Department of Justice of $227 million (which will satisfy a fine of $132 million levied by the U.S. Treasury Department’s Office of Foreign Assets Control). The separate fines were part of a coordinated action by the U.S. regulators following violations of U.S. sanctions against Iran, Burma, Libya and Sudan.