Barclays pays £194m to settle US probe

Laura Miller
clock

Barclays has so far paid £194m to settle a US-led probe into payments made to countries or people on a sanctions list.

Barclays has been conducting an internal review into the payments and is reporting its findings to US government investigators. The disclosure was buried deep in the bank's 126-page report on its interim results out today. Authorities including the U.S. Department of Justice, the Manhattan District Attorney's Office and the Office of Foreign Assets Control are involved "in relation to the possible resolution of this matter," the bank said in its report. Barclays says it is "in advanced discussions with these and other authorities" to end the probes. In February, the bank said it...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers remain optimistic despite uncertainty

Advisers remain optimistic despite uncertainty

Natixis Investment Managers’ 2026 Finance Adviser’s survey finds

Sophia Panayi
clock 24 June 2026 • 4 min read
Financial adviser jailed for 11 years after £2m fraud

Financial adviser jailed for 11 years after £2m fraud

Timothy ‘Paul’ Barnes defrauded acquaintances, clients and a charity

Jen Frost
clock 23 June 2026 • 2 min read
Deputy editor's view: A Skilled Person Review sparks headlines

Deputy editor's view: A Skilled Person Review sparks headlines

The deputy editor's Friday Night Takeaway from 19 June

Jenna Brown
clock 22 June 2026 • 2 min read