Originally Posted by AlohaDaveKennedy

For you Pakistan International Awards + flyers, PIA and Standard Chartered Bank (SCB) have teamed up to offer you a great value added product. The PIA SCB Co-Branded Credit Card is a unique credit card that enables SCB customers to earn A+ Miles against regular spending.

What kind of "regular spending" does Standard Chartered offer? Funny you asked:

(Reuters) - The U.S. Treasury Department and Federal Reserve were blindsided and angered by the decision of a New York banking regulator to launch an explosive attack on Standard Chartered Plc over $250 billion in alleged money laundering transactions tied to Iran, sources familiar with the situation said.

By going it alone through the order he issued on Monday, the head of the recently created New York State Department of Financial Services, Benjamin Lawsky, also complicates talks between the Treasury and London-based Standard Chartered to settle claims over the transactions, several of the sources said.

His action, which included releasing embarrassing communications and details of the bank's alleged defiance of U.S. sanctions, is rewriting the playbook on how foreign banks settle cases involving the processing of shadowy funds tied to sanctioned countries. In the past, such cases have usually been settled through negotiated settlements with public shaming kept to a minimum.

In his order, Lawsky said the bank's dealings exposed the U.S. banking system to terrorists, drug traffickers and corrupt states....