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Weekly Roundup: Citigroup AML Investigation Expands, RBC in Hot Water for Bahamas Unit, and More
printCitigroup and its Los Angeles-based subsidiary, Banamex USA, have been asked by the Financial Crimes Enforcement Network and California's Department of Business Oversight to supply information related to its anti-money laundering (AML) program, Bloomberg reported Wednesday. The bank disclosed last year that it had received subpoenas from federal prosecutors in Massachusetts and the Federal Deposit Insurance Corp. (FDIC) More The FDIC published a consent order against Tri-State Bank of Memphis, ordering the bank to ensure independent Bank Secrecy Act testing and adequate employee training. More The Royal Bank of Canada disclosed in a regulatory filing Wednesday that it may face...
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