The appointments are to the financial crime compliance team that is run by John Cusack, the global head of FCC.

Steve Munro, head of sanctions compliance, is based in New York and reports to Cusack. He joins from GE Capital where he was global anti-money laundering leader, a role which includes responsibility for sanctions. Previously, Munro held senior financial crime positions with Societé Generale and served as deputy chief counsel for the US Treasury's Office of Foreign Assets Control and as a US military intelligence officer.

Carmel Speers is named as head of FCC for the Middle East, North Africa and Pakistan , based in Dubai. Speers joins from JP Morgan in the UK where she has more than 25 years of professional experience. She reports to Jeremy Trevis, regional head of legal and compliance for MENAP, and to David Howes, deputy head of FCC.

David Clark is named as head of FCC surveillance analysis and academy. Like Munro, he joins from GE Capital where he was head of international financial crime compliance. Previously, he held senior financial crime positions at Barclays, ABN Amro and HM Revenue Customs & Excise. He will be based in London, reporting to Markus Schulz, head of FCC controls.

In addition, Duncan Wales will join Standard Chartered in September as deputy general counsel. He will be based in London and will assist David Fein, group general counsel, in managing the group’s legal affairs.

Wales joins from ICAP, the inter-dealer brokerage firm, where he served as group general counsel since 2008. Prior to that position, he held senior roles within ICAP, including director of government affairs, general counsel for EMEA and Asia and senior counsel to the electronic broking division.

Prior to its acquisition by ICAP in 2003, Duncan was director of legal affairs at BrokerTec. He began his career as a solicitor at Clifford Chance and served as in-house counsel at ING Barings.

The banking group said it has “taken a number of significant steps in support of its strategic priorities around financial crime”, such as forming a board-level financial crime risk committee; increasing by almost five times its headcount in financial crime compliance; and becoming a member of the Wolfsberg Group of International Financial Institutions and the Joint Money Laundering Intelligence Taskforce.

In December last year, the bank secured a deal to extend deferred prosecution agreements with the US over the country’s sanctions compliance program. The agreement with the US Department of Justice and New York County District Attorney's office saw the DPA that was initially inked in December 2012 extended for three years to December 10, 2017.