I do not subscribe to the gloomy prognostications of the relentlessly hostile judiciary and media when it comes to their rebukes of the UK’s Serious Fraud Office.
Posts Tagged: Barclays
French banks Societe Generale and Credit Agricole are being investigated by U.S. authorities for alleged money laundering and economic sanction breaches involving Iran, Cuba and Sudan.
The U.S. Treasury and Justice Departments, the Manhattan district attorney’s office and the New York Department of Financial Services are conducting the investigations, the Wall Street Journal reported on Friday.… Continue Reading
Here’s the full FCPA disclosure by Barclays PLC from its Interim Management Statement filed with the London Stock Exchange on October 31:
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Subsequent to reporting the investigations of the Financial Services Authority and Serious Fraud Office in July and August 2012 respectively, Barclays has been informed by the US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) that they are undertaking an investigation into whether the Group’s relationships with third parties who assist Barclays to win or retain business are compliant with the United States Foreign Corrupt Practices Act.