Federal prosecutors Monday charged Barclays Bank in a two-count information in Washington alleging the financial institution violated economic sanctions in dealings with countries that include Iran, Cuba and Libya, court records show.
Justice Department attorneys allege Barclays “knowingly and willfully” facilitated U.S. dollar transactions “for a number of parties and countries” that are sanctioned by the Office of Foreign Assets Control of the Treasury Department. The allegations span from March 1995 to September 2006, according to court records.
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