Banamex To Pay $97.4 Mn To Settle US Laundering Probe
Banamex, the Mexican affiliate of US banking giant Citigroup, will forfeit $97.4 million after admitting to having a weak anti-money laundering program, the US Justice Department announced Monday. The penalty resolves a criminal probe at Banamex USA after investigators found that from 2007 through 2012, Banamex conducted fewer than 10 investigations on more than 18,000 … Read more