Barclays Pays $6M To End SEC's Foreign Bribery Claims

Law360 (September 27, 2019, 5:48 PM EDT) -- Barclays PLC agreed Friday to pay $6 million in fines and ill-gotten profits for allowing the hire of more than 100 friends and relatives of government officials in Asia between 2009 and 2013, the U.S. Securities and Exchange Commission said.

Barclays lacked adequate internal controls to keep employees from using hires as bribes, the SEC said. Even where there were checks in place, the agency found instances of bankers flouting them by fudging paperwork to conceal that the hires were tied to clients.

Barclays did not admit or deny the allegations in the settlement, the latest in a string of U.S....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!