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Citigroup under federal investigation for possible secrecy and money-laundering law violations
http://www.rawstory.com/rs/2014/03/03/citigroup-under-federal-investigation-for-possible-secrecy-and-money-laundering-law-violations/
Citigroup under federal investigation for possible secrecy and money-laundering law violations
By Agence France-Presse
Monday, March 3, 2014 16:15 EST
Banking giant Citigroup Monday said it had received subpoenas from a pair of U.S. agencies over its compliance with US bank secrecy and anti-money laundering laws.
Citi and its Banamex USA unit received a grand jury subpoena from the U.S. Attorney’s Office for the District of Massachusetts, Citi said Monday in a securities filing.
Banamex USA also received a subpoena from the U.S. Federal Deposit Insurance Corporation (FDIC) that was related to bank secrecy and anti-money laundering compliance, the Citi filing said.
Banamex USA is the US banking arm of Banco Nacional de Mexico, a leading Mexican bank Citi acquired in 2001.
