UPDATE 1-Promontory to pay $15 mln to N.Y. over work for Standard Chartered
August 18, 2015 at 15:14 PM EDT
NEW YORK, Aug 18 (Reuters) - Promontory Financial Group LLC has agreed to pay $15 million to New York's banking regulator and refrain from certain new business with state-regulated banks for six months after being accused of whitewashing a report about sanctions compliance at Standard Chartered Bank.