Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Barclays Bank PLC
Current Parent Company: Barclays
Penalty: $298,000,000
Year: 2010
Date: August 18, 2010
Offense Group: financial offenses
Primary Offense: economic sanction violation
Mega-Scandal: Sanctions Violations
Violation Description: Barclays Bank PLC agreed to forfeit $298 million to the federal government and to the New York County District Attorney's Office in connection with violations of the International Emergency Economic Powers Act and the Trading with the Enemy Act. The violations related to transactions Barclays was said to have illegally conducted on behalf of customers from Cuba, Iran, Sudan and other countries sanctioned in programs administered by the Office of Foreign Assets Control.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.