When British-based multinational bank Standard Chartered was formally accused by New York State’s Department of Financial Services of laundering money from Iranian clients and then obstructing investigations into its behavior, it was the first banking scandal of the year in which regulators caught as much flak from the press as the bank they went after. Critics accused DFS head Benjamin Lawsky of jumping out ahead of a joint investigation by state and federal regulators and abusing the department’s ability to unilaterally revoke the bank’s New York State charter to extract a $340 million fine. Though Lawsky’s action raised the ire of his fellow regulators, no evidence emerged to show that Standard Chartered wasn’t guilty of the crimes alleged. In fact, a recent report in Reuters said the bank expects to announce another settlement with federal regulators by the end of the year.