News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Mexican authorities issued an arrest warrant for the chief executive officer of Oceanografia SA, Amado Yanez, accusing him of participating in crimes at the oil services provider.
As reported Friday by Petro Global News, Mexico’s AG said Yanez was under police protection in a hospital after undergoing emergency surgery on May 20.… Continue Reading
Citigroup said Wednesday it has fired a dozen employees in Mexico, including four senior executives, in connection with a $400 million fraud involving its Banamex unit.
An internal memo to employees from the bank’s chief executive, Michael Corbat, disclosed the terminations.… Continue Reading
Citigroup Inc. said it has discovered another alleged fraud by a second company in Mexico.
EVYA, an engineering and construction firm, is a supplier to Mexican state-owned oil company Petróleos Mexicanos, or Pemex.… Continue Reading
Citigroup and its Mexican affiliate, Banamex, disclosed on Monday the receipt of grand jury subpoenas concerning the bank’s compliance with the Bank Secrecy Act and federal anti-money laundering requirements.
Citigroup said the bank and Banamex received subpoenas from the U.S.… Continue Reading
The Securities and Exchange Commission is reportedly investigating Citigroup for accounting fraud and possible violation of the Foreign Corrupt Practices Act following the bank’s disclosure of fraudulent loans in its Mexican unit.… Continue Reading