Barclays Fined $80,000 By ASIC For Unauthorized Withdrawal

Barclays has been fined $80,000 by the Australian Securities and Investments Commission (ASIC) for withdrawing $AUD13.8 million without authorization from on of its accounts in January 2011.

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    Barclays erroneously subtracted the amount from its Client Segregated Account and failed to refund clients within five days, reports Finextra.

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