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United States Fines British Bank to Negotiate with Cuba Print E-mail
Written by Cubadebate, A translation by: Silke Paez Carr   
Tuesday, 17 August 2010 11:03

The Government of the United States brought charges against British Barcklays Bank for it to break US laws of making financial transactions with Cuba, Iran, Libia, sudan and Birmania, Washington Post newspaper reported on Monday.

Barclays Bank has been sued for laundering money - an amount of 500 millions dollars – at a branch from New York City as well as concealing financial relations with all nations aforementioned from March, 1995 to September, 2006.

For bringing charges of laws: Trading with the Enemy and Emergency Economic Powers, the bank must pay an amount of 149 millions dollars to the US Department of Treasury and the same sum imposed by Manhattan District Attorney.

Barclays and Department of Justice made an agreement, which could last until two years, as a legal process case, and the British Bank should prove the performance of the laws before the federal attorneys.

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