Barclays has agreed to pay about $6.3 million to settle U.S. charges it violated...
FILE PHOTO: Raindrops are seen on the logo of a rental bicycle sponsored by Barclays in London July 30, 2013. REUTERS/Toby Melville/File Photo
The U.S. Securities and Exchange Commission on Friday said the civil settlement resolves charges that the British bank’s hiring practices in the region, including China, Hong Kong and South Korea, violated the Foreign Corrupt Practices Act. According to the SEC, Barclays hired 117 people between April 2009 and August 2013 who had been referred by or connected to government officials or non-government clients, and placed them in permanent jobs, its graduate program, its formal internship program or an unofficial “work experience program.”
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