Compliance & Anti-Financial Crime
Leadership | Insight | Network

Banking, Compliance, Regulatory

NEWS: Citigroup submits plans to officials outlining new strategies to improve weaknesses

By Elizabeth Hearst for AMLi

Citigroup has submitted detailed plans to the US Federal Reserve and the Office of the Comptroller of the Currency detailing its strategy to bolster its risk management and internal controls. 

The plans outline the group’s aims to address a two-year-old Federal Reserve directive which highlighted “longstanding deficiencies” in its internal controls, reports Reuters. 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!