Barclays pays $6.3-million to settle US SEC's Asia-Pacific hiring probe - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Barclays pays $6.3-million to settle US SEC's Asia-Pacific hiring probe via SABCNewsOnline

The US 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.

The US 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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