At least that`s the lesson learned Tuesday, when Standard Chartered Bank and the U.S. Department of Justice announced a two-year extension of a seven-year agreement that required the institution to take a large number of corrective actions for its sanctions compliance programs in exchange for the detention of a criminal prosecution. The new extension is expected with changes to the 2012 Enforcement Agreement (DPA) and nearly $1.1 billion in additional recoveries and fines for non-compliance with U.S. sanctions against Iranian and British anti-money laundering (AML) rules related to due diligence and customer oversight. No no. The Ministry of Justice and the Bank amended the agreement for the first time in 2014 and renewed its terms of expiry for a further three years, and then extended it five times, including its last revision. As Compliance Week reported earlier, both agreements were reached in addition to a $340 million civil fine imposed by the New York Ministry of Finance, which accused the bank of deliberately circumventing sanctions against the Iranian government. In August 2014, the DFS imposed a second civil fine – this time for $300 million – on the bank, which failed to resolve the anti-money laundering compliance issues that were needed by comparing the bank in 2012. The New York County District Attorney`s Office (DANY) also announced today that SCB has agreed to amend its CCA with DANY and extend it for an additional two years and pay an additional fine of $292,210,160. Following the amendment to the DPA with DANY, SCB acknowledged that it had violated New York State law, including by falsifying the records of New York financial institutions. SCB also has separate transaction agreements with the Office of Foreign Assets Control (OFAC) of the United States Department of Finance, the Board of Governors of the Federal Reserve System (The Federal Reserve), the Department of Financial Services (DFS) in New York and the Financial Conduct Authority (FCA) of the United Kingdom.