Barclays is understood to be reviewing specific transactions that took place at the bank after it was named in a US indictment relating to the Fifa corruption scandal.

Barclays, HSBC and Standard Chartered have all launched internal investigations regarding the bribery and corruption probe, after the three were allegedly used to transfer cash as part of the conspiracy.

Standard Chartered said last week it was aware two payments it had cleared were mentioned in the indictment and it was looking into them.

Investigations: All three British banks linked to the bribery and corruption probe at football’s world governing body have launched internal investigations into their role in handling the cash

The banks are now poring through transactions named in legal papers filed by the US Department of Justice last week.

While there is no evidence that the banks have done anything wrong they want reassurance that all the correct checks and verifications were carried out.

The three UK-based banks named in the US indictment have a chequered history in recent years.

In 2012 HSBC paid a £1.2billion fine over money laundering related to drug cartels and so-called rogue states.

Standard Chartered faced a US penalty £436million around the same time after allegations that it breached sanctions with Iran.

Barclays was last week hit with charges of £1.5billion from US and UK regulators over the foreign exchange rigging scandal, to add to the large sums it has already had to pay for other scandals including the fixing of benchmark rate Libor.

The Serious Fraud Office is examining material to see if any of the alleged criminal activity was in the UK.