The UK’s National Crime Agency (NCA) has obtained a ruling from the High Court that allows Barclays to hand over criminal funds to the NCA in a first-of-its-kind civil recovery case.
The money - amounting to over £50 million - was identified by the bank in a number of accounts and transferred to secure holding accounts.
The civil recovery order means that for the first time, legal powers were used to recover the proceeds of crime...