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The U.S. automaker said two months ago it would close its oldest plant in Brazil, in São Bernardo do Campo, which could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Referring to the Bahia plant, Ford said: “The measure has the objective to align the plant’s workforce with current market demand.” luxury cufflinks india. Ford sold 24,000 Ka vehicles in Brazil in the first quarter, about the same level as in the previous year. It sold 7,600 EcoSports, more than the 7,000 reported in the first quarter of 2018..

WASHINGTON (Reuters) – Standard Chartered Plc has agreed to pay $1.1 billion to U.S. and British authorities for conducting illegal financial transactions that violated sanctions against Iran and other countries, government authorities announced on Tuesday. The settlement by the London-based bank is among the most severe imposed for sanctions violations, some of which occurred not long after Standard Chartered settled similar charges in 2012. “The circumstances that led to today’s resolutions are completely unacceptable” and “not representative” of the bank today, Group Chief Executive Bill Winters said in a statement luxury cufflinks india.

Tuesday’s settlement extends by two years a deferred prosecution agreement that Standard Chartered originally entered in 2012. A former Standard Chartered banker in Dubai in the United Arab Emirates pleaded guilty in a New York state court to sanctions-related violations, authorities also said, while an Iranian customer was criminally charged by federal prosecutors in Washington, D.C. Standard Chartered “undermined the integrity of our financial system and harmed our national security by deliberately providing Iranians with coveted access to the U.S. economy,” Washington, D.C., U.S luxury cufflinks india. Attorney Jessie Liu said..

The agreements resolve an investigation that began into Standard Chartered’s banking for Iran-controlled entities in Dubai. The investigation began roughly five years ago luxury cufflinks india. The bank paid U.S. authorities $667 million in 2012 for illegally moving millions of dollars through the U.S. financial system on behalf of customers in Iran, Sudan, Libya and Myanmar, some of the same countries involved in the latest settlement. In 2014, it paid another $300 million to the New York’s Department of Financial Services after a monitor uncovered shortcomings in the bank’s surveillance systems..

In a statement on Tuesday, Standard Chartered said it accepted responsibility for the violations, which stopped after 2014. The bank also said it had cooperated in the investigations. The latest penalty is a tally of fines and forfeitures imposed by U.S luxury cufflinks india. Department of Justice, the U.S. Department of Treasury’s Office of Foreign Assets Control, the New York County District Attorney’s Office, the New York State Department of Financial Services (DFS), and Britain’s Financial Conduct Authority (FCA)..