Lawyers in Argentina have initiated a fraud case against President Javier Milei following his promotion of a cryptocurrency whose value rapidly declined.
The libertarian leader tweeted on Friday about a digital currency called $LIBRA, intended to "encourage economic growth by funding small businesses and startups." However, he deleted the tweet just a few hours later. His post included a link to a website where the cryptocurrency could be purchased, with the domain name vivalalibertadproject.com—an allusion to his signature phrase, which translates to “long live freedom.”
Barclays has revealed that it is under investigation by the UK's financial watchdog regarding its anti-money laundering and financial crime control measures. The Financial Conduct Authority (FCA), the UK's primary regulator for financial services, has initiated a civil enforcement inquiry into the bank's compliance practices, as disclosed in Barclays' annual report.
According to Barclays, the investigation mainly addresses the “historical oversight and management” of higher-risk customers. This inquiry encompasses both Barclays Bank UK, which serves retail banking clients and small businesses, and Barclays Bank, which predominantly offers financial services to larger corporate clients worldwide.