The United States gets to do no matter what it wants within the world. International finance is surely an area where the nation has some power, which is why charges were brought against England’s Barclays Bank so . As outlined by the Washington Post, Barclays was accused by prosecutors to have violated for more than a decade, from March 1995 to September 2006, all of the U.S. sanctions against Cuba, Iran, Libya, Burma and Sudan. The New York branch cleared through Barclays over $ 500 million that went to all of the nations that are enemies to the U.S.. As outlined by Reuters, a $ 298 million settlement to U.S. criminal charges was agreed to be paid by Barclays Bank already because this happened.
Prosecutors think Barclays tried hiding what happened
All of the documents searched through with Barclays didn’t have names from the other countries. To make the connection to the other countries obscure, payments went through internal accounts. Counts against Barclays Bank contain violation of the International Emergency Economic Powers Act and trading with the enemy, according to Jennifer Calvery, chief of the U.S. Justice Department’s asset forfeiture and money-laundering division.
The U.S. sanctions against countries started for Sudan and Burma in 1997, Iran in 1995, Libya in 1986 and Cuba has had it since Kennedy.
Barclays makes clear what some transactions were
According to Reuters, all related documents are being given to the U.S. government investigators by Barclays Bank in cooperation. The documents haven’t been given to the U.S. completely. The $ 298 million settlement breaks down into $ 149 million up front to the U.S. government and one more $ 149 million via a deferred agreement to be distributed at a later time.
Human rights violations and the American way
The past has shown Cuba, Iran, Libya, Sudan and Burma all having human rights violations against them in history. Barclays isn’t the only company making the mistake of going through U.S. soil to give U.S. enemies support and money. The United States likes to make things happen the way they’ve planned. It is said by The Decemberists’ song “Sixteen Military Wives”,
Cheer them on to their rivals
Cause America can, and America can’t say no
And America does, if America says it’s so
It’s so!
More on this topic available at these sites
Reuters
reuters.com/article/idUSTRE67F36J20100816?utm_source=feedburner and amp;utm_medium=feed and amp;utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29
Washington Post
washingtonpost.com/wp-dyn/content/article/2010/08/16/AR2010081602955.html
Barclays was previously fined £ 2.45 million ($ 3.8 million) for “poor reporting systems”
youtube.com/watch?v=zqsf3XswX4Q
