Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Banking, Financial Crime

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

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

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.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!