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Potential Barclays Settlement Tied to Iran Wires: Source
By Brian Monroe
printAn expected fine for Barclays Plc totaling at least $300 million is tied to the bank's removal of data on wires involving Iran, according to a person with knowledge of the matter. The British bank said in a regulatory filing Thursday that it had set aside 194 pounds (USD $308 million) and was conducting an internal review involving U.S. dollar payments to countries blacklisted by the United States. The investigation involves the U.S. Justice Department, the U.S. Treasury Department's sanctions arm and the Manhattan District Attorney's Office, the bank said. The bank announced the monetary amount after "advanced discussions with...
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