Federal Reserve Board - Federal Reserve announces …
Oct 7, 2020 · The Federal Reserve Board on Wednesday announced an enforcement action against Citigroup Inc. of New York, New York, that requires the firm to correct several longstanding deficiencies. In particular, the cease and desist order requires Citigroup to enhance its firm-wide risk management and internal controls.
US regulators fine Citi $136 million for failing to fix longstanding ...
Jul 10, 2024 · U.S. bank regulators fined Citigroup $136 million for making "insufficient progress" fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough...
Government fines Citigroup $136 million for failing to fix …
Jul 10, 2024 · The fines come from the Federal Reserve and the Office of the Comptroller of the Currency, which said in separate releases that Citigroup had failed to meet its obligations stemming from a 2020 consent order related to the bank’s risk and control issues.
Fed terminates 2013 money-laundering enforcement action …
Oct 1, 2024 · The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed against Citigroup over shortcomings in its capacity to police money laundering.
Fed Terminates Money Laundering Enforcement Action vs Citigroup
Oct 1, 2024 · The Federal Reserve has terminated a decade-old enforcement action against Citigroup that focused on deficiencies tied to the banking giant’s anti-money laundering (AML) practices.
Federal Reserve Board ends currency trading-tied enforcement …
Oct 26, 2023 · The Federal Reserve Board on Thursday ended the enforcement action on Citigroup from 20 15 that required the lender to revamp its risk management practices, sending the shares of the lender...
Citigroup's 2013 AML Enforcement Action Terminated by Federal Reserve
Oct 2, 2024 · The Federal Reserve has terminated a decade-long enforcement action against Citigroup Inc. C, which was filed over weaknesses in the bank's anti-money laundering (AML) practices.
Federal regulators fine Citigroup $136 million for taking too ... - PBS
Jul 10, 2024 · The fines come from the Federal Reserve and the Office of the Comptroller of the Currency, which said in separate releases that Citigroup had failed to meet its obligations stemming from a 2020...
Fed terminates 2013 money-laundering enforcement action …
Oct 1, 2024 · WASHINGTON (Reuters) -The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed against Citigroup over shortcomings in its capacity to police money...
Jul 10, 2024 · WHEREAS, an examination conducted by the Federal Reserve Bank of New York (“Reserve Bank”) in 2023 found that Citigroup had ongoing deficiencies in data quality management and ineffective compensating controls to mitigate associated risks;