Barclays pulled into U.S. probe of Liberty Reserve

Jun 02, 2013, 12:29 PM EDT
A Barclays bank branch is pictured in central London, on February 11, 2013.
AFP/Getty Images/AFP

Barclays has confirmed that it is co-operating with the investigation into the U.S. case against digital currency exchange Liberty Reserve after U.S. prosecutors discovered that Liberty's founder Arthur Budovsky held an account with a Spanish branch of the British bank. U.S. prosecutors have filed an indictment accusing Costa Rica-based Liberty Reserve of helping criminals around the world launder more than $6 billion in illicit funds. Barclay's has not been accused of any wrong doing in this case.