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Venable partner Ed Wilson was quoted in a Reuters article on September 4, 2012 on the implications of the recent Standard Chartered case, in which the London-based bank paid $340 million to New York state regulators in a settlement over unlawful wire transfers to Iran. New York state regulators based their case on accusations that Standard Chartered intentionally stripped information from $250 billion worth of wire transfers linked to the sanctioned country.

Legal experts have speculated as to whether this case sets a precedent in banks being liable for money transfers that have been stripped of information but were legal in all other facets. Wilson addressed this issue, stating "This is the first case you don't have an exact overlap. That is what makes this an interesting case." The overlap to which Wilson referred is the overlap of transactions that were stripped and those that transgressed sanction laws.