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Barclays-HSBC quizzed on laundering

12 April 2012

FRENCH financial police have questioned staff at Barclays and a subsidiary of HSBC in Paris regarding allegations of money laundering involving Israeli charities. At least one other bank is said to be involved.

Up to 80 people have been interviewed by Paris detectives, including several rabbis. Six people are being held. Barclays in London confirmed the investigation.

One of those quizzed was the managing director of Barclays France, Henri-Paul Pelligrino. Three other Barclays staff were interviewed and later released. It is not suggested that they have done wrong.

The inquiry focuses on a suspected money laundering network for the transfer of funds from France to Israel and is understood to involve a breach of banking regulations.

Barclays said it wants to outlaw money laundering, under Europe-wide scrutiny since 11 September.

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