While there is still yet to be a major banking figure brought to trial over the worldwide banking meltdown from the 2008 financial crisis, the U.K. Serious Fraud Office (SFO) recently brought charges against four former executives from Barclays. Reports indicate the SFO is accusing the bank and four of its former senior staff of lying, or not fully disclosing to the market what it was paying Qatari investors as they were putting up over £12bn into Barclays to stave off a UK government bailout.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...