Barclays’ fall in yearly profit caused shares to fall, resulting in the FTSE 100 edging lower. However, the index’s losses were partially offset by a drop in the pound, as
Barclays is being probed by the UK financial regulator
According to sources familiar with the matter, the UK financial regulator is investigating Barclays for alleged persistent failures in its compliance system and anti-money laundering systems.
Barclays fined £50m by City watchdog (FCA)
The City watchdog will fine Barclays £50m for failing to disclose hundreds of millions of pounds of fees paid to Qatari companies during an emergency fundraising campaign during the financial
SFO secures confiscation against former Petrofac executive
Following a hearing today at Southwark Crown Court, the Serious Fraud Office (SFO) secured a confiscation order worth over £140,000 against former senior Petrofac executive, David Lufkin.
UK court fines Petrofac (PFC.L) £70 million for bribery offences
Petrofac was fined £77m on seven separate charges related to failing to prevent bribery from the Middle East. The London-listed oil service provider pleaded guilty to the charges last month.
SFO launches money-laundering investigation into £150m leasehold investments schemes
After a dawn raid, the UK’s Serious Fraud Office launched a fraud-and-money laundering investigation into two companies. These companies are suspected of misleading investors by funnelling around £150m in fraudulent
Petrofac (PFC.L) agrees to a plea deal with the UK’s serious fraud watchdog
Petrofac, an oil services company, has reached a plea agreement with the UK fraud watchdog to close a long-running inquiry.
Unaoil’s former Iraq partner pleads guilty to bribery
LONDON (Reuters) – The former partner in Iraq for Unaoil, a Monaco-based oil and gas consultancy, has pleaded guilty to five counts of bribery in the first conviction in a
UK Court Sentences Two Ex-Afren chiefs jailed over £35m fraud
Two former executives of collapsed oil company Afren were sentenced to up to six years in prison on Monday after they were convicted of fraud and money laundering over a