StanChart hires former UK surveillance chief to combat cybercrime

April 22, 2015 8:52 AM

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LONDON, April 22 (Reuters) - Standard Chartered has appointed the former head of Britain's security and intelligence body GCHQ to its new financial crime committee as part of efforts to strengthen its cyber defences.

The Asia-focused bank said Iain Lobban would become a member and senior advisor to the committee responsible for matters including anti-money laundering, sanctions compliance and prevention of corruption.

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