Standard Chartered, a British bank, is expected to announce on Monday a $330 million settlement with US law-enforcement agencies, a deal that would conclude an investigation that examined whether the bank violated sanctions with Iran, people familiar with the situation said.

The settlement, which is expected to include the US Justice Department and the Manhattan district attorney, follows a $340 million settlement that the bank reached in August with the New York Department of Financial Services. That settlement came after the New York regulator analysed whether Standard Chartered had improperly concealed transactions tied to Iran.

Copyright Reuters, 2012