OCC Issues Cease and Desist Order against Citibank N.A. for Anti-Money Laundering Violations

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Friday, June 1, 2012

Author:

Bruce Zagaris

Volume:

28

Issue:

6

Abstract:

On April 5, 2012, the Office of the Comptroller of the Currency (OCC) issued a cease and desist order against Citibank, N.A., Sioux Falls, South Dakota, for violating the Bank Secrecy Act (BSA) and its underlying regulations.[1]

[1] OCC, OCC Issues Cease and Desist Order Against Citibank, N.A., April 5, 2012.