Risk officer for Barclays France slams bank's conduct and controls

The Financial Times cites April letter by Philippe Hébert who underlines 'particularly poor' control services that leave 'serious risks of money laundering'.

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A senior executive at Barclays has alleged money laundering and mis-selling failures at the bank’s French operations, casting a shadow over the British group’s plan to sell its business in France to a private equity group, reports The Financial Times.