Barclays fined RM460mil for lax crime checks in ‘deal of century’

Barclays received a 30% discount on the fine for settling early. The AFP photo shows the bank's logo displayed in New York.

LONDON: Britain’s financial watchdog has fined Barclays £72mil (RM460.3mil) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the “deal of the century.”