Financial Times FT.com

Lloyds TSB and Barclays in sanctions probe

By Stephanie Kirchgaessner in Washington and Peter Thal Larsen in London

Published: March 5 2008 03:53 | Last updated: March 5 2008 03:53

Barclays and Lloyds TSB are being investigated by US authorities for potential violations of sanctions against Iran, Libya, Cuba and Sudan.

The two British banks said in financial disclosures that they had been contacted by the US Department of Justice, the New York district attorney’s office, and the US Treasury as part of an ongoing investigation into the banks sanctions compliance.

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