 In September 2013, ICAP settled allegations that they had manipulated the London Interbank Offered Rate (LIBOR).The United States Department of Justice charged three former employees, and ICAP paid $65 million to the U.S.'s Commodity Futures Trading Commission and £14 million ($22 million) to Britain's Financial Conduct Authority.In October 2014, ICAP's in-house legal team was awarded the Legal 500 2014 UK In-House Team Winner in the Litigation category.