Comment on Citigroup settles claims over possible money laundering

Citigroup settles claims over possible money laundering

NEW YORK (AP) — Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering. The Justice Department announced Monday that Citi's Banamex division will pay $97.44 million for violations of the Bank Secrecy Act.Read more on NewsOK.com

 

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