Posts Tagged: Citibank NA
Citibank’s parent company, Citigroup, disclosed this year that an astounding 15 percent of its employees are now categorized as “risk, regulatory, and compliance staff,” up from 4.3 percent about ten years ago.… Continue Reading
Location: Washington, DC
Description: The Assistant General Counsel for Economic Sanctions will report to the General Counsel for Economic Sanctions in the Corporate Legal Department.… Continue Reading
Citigroup Inc. said Friday it is being investigated for hiring practices that might violate the FCPA.
The bank said the SEC and other agencies are “conducting investigations or making inquiries concerning compliance with the Foreign Corrupt Practices Act and other laws.”… Continue Reading
A strange thing occurred this month in the American political universe when a business organization wrote a letter to several key Congressmen advocating on behalf of a bill that would increase government oversight over companies.… Continue Reading
The UK Financial Conduct Authority Wednesday banned a former trader at Deutsche Bank AG from the UK financial services industry for “lacking honesty and integrity” following his guilty plea for fraud in the United States.… Continue Reading
Brazil’s antitrust agency opened an investigation into fifteen foreign banks and thirty individuals for allegedly forming a cartel to manipulate exchange rates of local Brazilian reals and foreign currency.
Among the banks under investigation are affiliates of Tokyo-Mitsubishi UFJ, Barclays, Citibank, Credit Suisse, Deutsche Bank, HSBC, JPMorgan Chase, Merrill Lynch, Morgan Stanley, Nomura, Royal Bank of Canada, Royal Bank of Scotland, Standard Chartered, UBS, and Standard Bank (South Africa), according to the release from the agency.… Continue Reading
The U.S. Treasury Department’s Financial Crimes Enforcement Network said senior managers at Banca Privada d’Andorra took bribes for several years to help launder money for organized crime groups.
FinCEN designated the bank, known as BPA, as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading
Regulators in the United States, Britain, and Switzerland penalized five banks $3.3 billion for rigging foreign-exchange benchmarks.
The U.S. Commodity Futures Trading Commission, Britain’s Financial Conduct Authority, and the Swiss Financial Market Supervisory Authority fined Switzerland’s UBS AG $800 million.… Continue Reading
Deutsche Bank is under investigation for whether it hired the children of Chinese government officials as a way to win work, according to a Reuters report based on unnamed sources.
The report didn’t include any details about which agencies are conducting the investigation or if individuals are targeted.… Continue Reading