- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Serious Fraud Office has charged Barclays and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act.
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The Serious Fraud Office suffered another major setback in the U.K.’s first trial against bank executives for misconduct during the 2008 financial crisis, after three former executives of Barclays were acquitted of fraud charges.
Barclays is in hot water with the SFO over a conspiracy (code-named Cadmium) to engage in illegal lending with Qatar at the height of the financial crisis.
The data protection authority of Lithuania levied a fine of 2.4 million euros (U.S. $2.6 million) against Vinted UAB, an online clothing trading and exchange platform, for alleged violations of the European Union’s General Data Protection Regulation.
