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.
Great post Tuesday by our cousins at thebriberyact.com.
They said the U.K. government has been intervening with overseas governments on behalf of U.K. businesses reporting problems with local corruption.
‘Since the passing of the Bribery Act in July 2010,’ the post said, ‘there have been four cases where U.K.… Continue Reading