US civil litigation – response to media reports

London – We note reporting containing profound factual inaccuracies in the legacy Brutus qui tam case. The underlying allegations – including the claim that there are $9.6 billion in unlawful transactions – are entirely false and have been rejected by the US courts multiple times. We expect the dismissal of this case will continue to be upheld on appeal.

We will of course fully cooperate with any relevant authorities to reassure them that these allegations are meritless. The facts have not changed.

We remain resolute in our fight against financial crime in every location where we operate, including the United States. We maintain the highest level of compliance with sanctions laws and regulations.

We will continue to defend ourselves vigorously against baseless allegations by Brutus which seek to damage our reputation and are motivated by personal financial gain.

ENDS

Previous press releases relating to this story:

• Response to favourable court ruling, 16 November 2024
• Response to media reports, 4 June 2024

For further information, please contact:

Robbie Sommerville +44 7990 784 478
Global Head, Corporate Communications