Citi ordered to suspend Japan units
OPS_admin | Jun 26, 2009 | Comments 0
Citi ordered to suspend Japan units – FT.com
Regulator faults internal controls
Japan’s financial regulator has ordered Citigroup to halt some of its businesses for a month and fundamentally improve its internal controls, after finding that the US group failed to implement sufficient measures aimed at preventing suspicious transactions, including money laundering.
This is the Financial Services Agency’s second penalty against the US bank in the past five years.
via FT.com / Companies / Banks – Citi ordered to suspend Japan units.
Filed Under: Economy - Labor
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