Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SFO in Talks With Barclays to End Long-Running Criminal Probe

Aarti Maharaj | July 22, 2015

The Serious Fraud Office (SFO) has invited Barclays to discuss a potential deal that will close the SFO’s criminal probe into the bank’s £2 billion Qatari fundraising in 2008. Recent news reports suggest that Barclays is considering if it should accept a deferred prosecution agreement (DPA) with the SFO but sources familiar with the situation says that under a DPA, the company will be slapped with a hefty fine and held under tighter terms and conditions.

The U.K. watchdog has been investigating the bank’s alleged role in lending Qatari investors money, which they eventually used to participate in the cash call, the ...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.