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NEWS: Citigroup fined $14 million in Germany for regulatory lapses

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FILE PHOTO: People walk past a Citibank branch in New York

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Tom Sims and Alexander Huebner

Citigroup has been fined nearly 13 million euros ($13.94 million) by Germany’s bank regulator for lapses in controls of its trading systems, the largest fine imposed under the regulator’s consumer protection division.

The fine was announced by German regulator BaFin on Thursday and targeted at Citigroup Global Markets Europe AG.

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Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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