FinCEN Files: ‘Wired to make money`: Barclays` private bankers serve ultra-rich, as watchdogs sound alarms
(WorldNews Africa)

Share this with more people! FinCEN Files expose tensions between British bank`s New York and London operations. Ivor Ichikowitz recoils at the arms industry`s “reputation for being very cloak-and-dagger.” “We are not in the destroying-anything business,” the 53-year-old founder of South African arms company Paramount Group told CNBC a few years ago. “We`re in the protecting business.” His bankers at Barclays, the global financial group based in the United Kingdom, have been happy to have his business, profitably moving hundreds of millions for Ichikowitz and his companies. But in recent years in-house watchdogs at Barclays have sounded alarms about corruption allegations involving...