NCA files claim to recover millions from two Barclays accounts - report

12th Sep 2022 07:52

(Sharecast News) - The National Crime Agency has launched legal action to recover nearly £54m from two Barclays bank accounts.

According to City AM, court documents show the NCA - which specialises in organised crime - is looking to recover £53,984,882 from the two unnamed accounts.

The NCA states in the claim form: "The overwhelming inference is that, on the balance of probabilities, the property constitutes the proceeds of crime."

Barclays has been named as an interested party only, is not a defendant, and is not being accused of any wrongdoing.

The blue chip banking group launched an investigation into the accounts after they were flagged by both third-party intelligence and internal controls, City AM reported. The money was then ring-fenced due to the account holder's "inability or unwillingness to provide information as to the provenance of the suspect funds in their account".

The account holders have not accessed the accounts since they were ringfenced, the Telegraph said.

The hearing is scheduled for November.

Neither Barclays nor the NCA have so far commented on the reports.