The Wall Street Journal

Barclays Faces Probe From U.K. Regulator Over Money-Laundering Controls

The London-based bank said it is cooperating with the investigation

A Barclays bank branch in London.
A Barclays bank branch in London. Photo: Jason Alden/Bloomberg News

Barclays faces an investigation from the U.K.’s financial watchdog over its anti-money-laundering and financial crimes controls, the London-based institution has disclosed.

The Financial Conduct Authority, the U.K.’s main financial services regulator, is conducting a civil enforcement investigation into Barclays’s controls, the bank said Thursday in its annual report. Barclays is cooperating with the investigation, it said.

WSJ Logo