Citigroup shuts Banamex USA, pays $140 mn in fines
Citigroup said Wednesday it will shut the US branch of its Mexican subsidiary Banamex and pay $140 million in fines for inadequate programs to combat money laundering.
Jul 23, 2015, 08:30 AM IST
Citigroup to close Banamex USA: Report
Based in Century City, California, Banamex USA specializes in moving money across the US border into Mexico. The bank is undergoing probes related to its anti-money laundering controls, people familiar with the matter told the Journal.
Jun 01, 2015, 09:32 AM IST
