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Citigroup Fined $135.6 Million by Fed and OCC for Longstanding Compliance Issues

Citigroup Fined $135.6 Million by Fed and OCC for Longstanding Compliance Issues


CoinOtag
2024-07-21 21:36:51

The Federal Reserve and the Office of the Comptroller of the Currency (OCC) have fined Citigroup $135.6 million for not resolving longstanding issues in its risk management and compliance systems. The punitive measures came after Citigroup failed to meet the remediation goals outlined in enforcement actions from the last quarter of 2020. Regulators highlighted persistent The post Citigroup Fined $135.6 Million by Fed and OCC for Longstanding Compliance Issues appeared first on COINOTAG NEWS .


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