 "barclays")
Britain’s financial regulator is investigating Barclays Plc for suspected failings in its compliance and anti-money laundering systems, the Financial Times reported on Friday.
The Financial Conduct Authority (FCA) requested an independent review of Barclays’ systems last year after noting the number of anti-money laundering incidents, FT reported.
The FCA and Barclays declined to comment.
The FCA wrote to the heads of Barclays’ corporate banking and UK retail and wealth divisions requesting a “skilled persons review”, or Section 166, the report said.
Section 166 involves hiring an independent firm that produces reports, potentially with recommendations for improvement.
Britain’s authorities have in recent years
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