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Weekly Roundup: Judge Signs off on Barclays’ DPA, OFAC Penalizes Miami Bank, And More

After criticizing the U.S. Justice Department's deferred prosecution agreement (DPA) with Barclays Bank as a "sweetheart deal" on Tuesday, U.S. District Judge Emmet Sullivan accepted the $298 million settlement on Wednesday in Washington, D.C.. More Sullivan's signoff came despite his expressed reservations. During the hour-long hearing, Sullivan faulted the agreement for not holding any Barclays' executives responsible for the decade long violations of U.S. sanctions laws and the fact the penalty was a burden to innocent shareholders. "Why do the shareholders have to pay for this venture?" Sullivan asked, according to Bloomberg News. "If I own stock, why do I...

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