Barclays Probing Suspected Money Laundering at South Africa Unit
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Barclays has identified potential money laundering at Absa Bank, the South African unit of Barclays Africa Group.
Alert: HALISTER1- It is investigating the use of “import advance payments” to transfer money to accounts in Asia, the U.K., Europe and the U.S., the bank disclosed in its annual report
- Barclays said it has made relevant authorities aware
Source: BFW (Bloomberg First Word)
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UUID: 7947283