30 The Federal Reserve announced that it has closed an enforcement action against Citigroup that was initiated in 2013. The action, which did not involve a fine, was related to deficiencies in Citigroup’s anti-money laundering programs. The Federal Reserve ordered Citigroup to strengthen its anti-money laundering efforts and provide regular updates on its progress. In response, Citigroup announced plans to spin off its Banamex subsidiary in late 2023. A Citigroup spokesperson declined to comment on the Federal Reserve’s decision to terminate the enforcement action. You Might Be Interested In DXC Technology Named Leader in NelsonHall’s 2024 Cyber Resiliency Services Evaluation China Mulls Consumer Tax Reform Ahead of Key Meeting Perfios Emerges as India’s Second Unicorn of 2024 with $80 Million Funding Citi Surpasses Profit Estimates on Investment Banking Boom Genuine Parts Company Appoints James F. Howe as President of Motion Dollar Rides High on Euro’s Woes
