SHOW ME THE MONEY: Standard Chartered Bank has agreed to pay $340 million to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007, according to New York's financial regulator.

CASH PATROL: Standard Charter will install a monitor for at least two years who will evaluate the money-laundering risk controls of its New York branch and take corrective measures.

YOUT GOT US ALL WRONG: The bank had no immediate comment Tuesday but said late Monday that it "strongly rejects" the New York regulators' portrayal of its transactions with Iranian banks.