September 27, 2021

Citibank, N.A. and Citigroup Global Markets Limited, which are provisionally registered swap dealers, will pay a $1 million civil penalty to resolve allegations that they failed to properly report Legal Entity Identifier information to a swap data repository as required by applicable regulations.  In addition, Citi was found to have supervisory failures and to be out of compliance with a prior 2017 order on related matters.  CFTC

Tagged in: CFTC Whistleblower Reward Program, Financial and Investment Fraud, Financial Institution Fraud, Regulatory Violations,