Banamex USA Agrees to Forfeit $97 Million in Connection with Bank Secrecy Act Violations
By the C|C Whistleblower Lawyer Team
in today's New York Times, Los Angeles Times, and other news outlets
On Monday, Citigroup agreed to pay $97.4 million in a settlement after a long federal investigation into Banamex USA. In exchange, the Justice Department will not file criminal charges against the bank in connection with inadequate oversight of Banamex USA, which is based in California. Even as...