Text size

Barclays pays penalty for withdrawing US$14.1 million from its client account without authorisation, fails to return the client monies within stipulated time

Barclays has paid a penalty of US$80,000 to ASIC for erroneously withdrawing AUD13.8 million (US$14.1 million) of client monies from the Barclays’ Client Segregated Account without authorisation on 27 January 2011, and further failing to return the client monies for five business days. On 25 January 2011, a representative of Barclays’ London operations department requested in an email to Barclays’ Sydney…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]