Judge Releases Barclays From Criminal Sanctions Case

Law360, New York (December 4, 2012, 8:45 PM EST) -- A New York federal judge on Tuesday dismissed Barclays PLC from a criminal case alleging it facilitated transactions for banks in Cuba, Iran and other countries in violation of U.S. sanctions, two years after the bank forked over $298 million to settle the case.

U.S. District Judge Emmet G. Sullivan’s dismissal comes two years after Barclays agreed to a deferred prosecution agreement under which the bank voluntarily cooperated with U.S. Department of Justice investigators over the allegations that it violated the International Emergency Economic Powers Act...
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Case Information

Case Title

USA v. BARCLAYS BANK PLC


Case Number

1:10-cr-00218

Court

District Of Columbia

Nature of Suit

Date Filed

August 16, 2010

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