On August 18th, the federal district court approved the Justice Department's proposed deferred prosecution agreement with Barclays Bank Plc. The Justice Department alleges Barclays engaged in illegal transactions with financial institutions in Cuba, Iran, Libya, Sudan, and Myanmar. Justice Department Press Release. See also Federal Reserve Board Press Release. The court's approval of the agreement was delayed after the court expressed concern for the agreement's terms and the failure to hold any individual responsible. Deferred Prosecution.