Barclays pays $6.3m to settle Asia hiring charges

By Pan Yue
30 Sep 2019

Barclays is paying $6.3m to US authorities to settle charges that it won business from foreign government officials by offering their relatives and friends internships and jobs.

The Securities and Exchange Commission said in a filing on September 27 that Barclays' Asia Pacific region violated the Foreign Corrupt Practices Act (FCPA) by hiring relatives, friends and associates of government officials to obtain investment banking business or other benefits.

The filing added that many of the ...

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