A federal regulator has shined the light on several compliance failures at the British bank Barclays after the bank agreed to pay $6.3 million to settle corruption offenses related to hiring friends and relatives of public officials in Asia in order to win business.

The U.S. Securities and Exchange Commission highlighted the compliance issues in the bank’s Sept. 27 consent order.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]