Barclays has been dragged into the scandal surrounding Liberty Reserve, a US cash-transfer business accused of running the biggest money-laundering operation in American history.
The US Department of Justice has labelled Liberty Reserve the "largest international money-laundering prosecution in history", alleging that seven people involved in running the operation set up the digital cash service as a "criminal business venture" designed specifically to "help criminals conduct illegal transactions and launder the proceeds of their crimes". Barclays, which according to the BBC is not accused of any wrongdoing by the US authorities, has been called on to co-operate with the investigation. In a statement provided to the BBC the bank said: "Barclays can confirm it ...
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