£2.4m fine for Barclays

Blackmore, Nicole
September 2009
Money Marketing;9/10/2009, p2
The article reports that Barclays Capital Securities Ltd. and Barclays Bank PLC have been fined by the Financial Services Authority (FSA) for failures of transactions reports and serious weaknesses in systems and controls in Great Britain. The FSA review revealed that 57.5 million of reportable transactions were either reported inaccurately with incomplete data. Barclays qualified for a 30 percent discount for cooperating with the FSA reducing the fine from 3.5 million pounds to 2.45 million.


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