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Entries in Barclays Bank (13)

Wednesday
Jul062016

SFO seeks retrial of two former LIBOR traders

The UK Serious Fraud Office said Wednesday it is seeking a retrial of two former Barclays traders after their jury trial ended Monday without verdicts.

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Tuesday
Jul052016

American among three ex-Barclays traders convicted in London LIBOR trial  

Three former employees of Barclays Bank plc were convicted Monday by a jury at the Southwark Crown Court of manipulating the U.S. Dollar LIBOR.

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Thursday
Mar242016

Barbara Brooks Kimmel: Recognize a low trust organization, and reap the rewards of a high trust culture

In the prior post for the FCPA Blog, three of our Trust Alliance members talked about what Barclays Bank needs to do to re-establish trust and ethics in the organization.

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Thursday
Mar172016

The trust question: Can Barclays Bank rebuild the brand?

Jes Staley is the newly appointed American CEO of the beleaguered British Barclays Bank. He recently said, "I do believe that trust is returning to our institution. But we will never rest, we are never done. We have to focus on building that trust every day."

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Friday
Feb122016

OFAC fines Barclays $2.5 million for 159 Zimbabwe sanctions violations

The U.S. Department of the Treasury’s Office of Foreign Assets Control said Monday it fined Barclays Bank Plc $2.48 million to resolve potential civil liability for 159 apparent violations of the Zimbabwe sanctions regulations.

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Monday
Feb012016

Paul Pelletier: Sporadic enforcement isn't effective enforcement

At a recent ubiquitous FCPA conference, Assistant Attorney General Leslie Caldwell noted that even more resources would be added to the Fraud Section’s FCPA Unit, increasing the number of prosecutors by 50% from 20 to 30 trial attorneys, making this specialty unit larger than the entire white collar sections of most United States Attorneys’ Offices nationwide.

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Monday
Nov302015

Barclays fined $108 million for kowtowing to rich PEPs

The UK Financial Conduct Authority fined Barclays Bank £72 million ($108 million) Thursday for rushing to serve rich politically exposed persons and keeping their deal secret.

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Tuesday
Sep152015

Brazil investigates big banks for exchange rate manipulation

Brazil's antitrust agency opened an investigation into fifteen foreign banks and thirty individuals for allegedly forming a cartel to manipulate exchange rates of local Brazilian reals and foreign currency.

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Wednesday
Aug052015

Report: DOJ hires expert to evaluate target company compliance programs

There were reports last week that the DOJ is hiring a compliance expert. He or she will help evaluate whether to charge corporations that fail to detect and prevent wrongdoing by employees.

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Thursday
Jul162015

SFO scorecard: 78% conviction rate, 16 new investigations, 30 defendants await trial

The UK Serious Fraud Office filed its annual report for the year ended March 31, 2015 with the government Tuesday.

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Wednesday
Apr222015

UK fines Merrill Lynch £13 million for 35 million compliance lapses

The UK Financial Conduct Authority on Wednesday fined Merrill Lynch International £13,285,900 ($19.8 million) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.

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Tuesday
Aug192014

SFO close to decision on charges for ex-Barclays bankers

The UK Serious Fraud Office could decide "as soon as next month" whether to charge former Barclays executives over undisclosed payments the bank made to Qatar's sovereign wealth fund in 2008, when the Bank was trying to raise money during the credit crunch.

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