September 27, 2019 / 4:25 PM / 5 months ago

Barclays pays $6.3 mln to settle U.S. SEC charges over Asia-Pacific hiring practices

Sept 27 (Reuters) - Barclays Plc agreed to pay about $6.3 million to settle U.S. Securities and Exchange Commission charges it illegally hired relatives and friends of foreign government officials in the Asia-Pacific region to help win or retain investment banking business.

The SEC on Friday said Barclays will pay a $1.5 million civil fine, plus $4.8 million of disgorgement and interest, to resolve charges it violated the federal Foreign Corrupt Practices Act. Barclays did not admit or deny wrongdoing. (Reporting by Jonathan Stempel in New York, Editing by Franklin Paul)

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