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U.S. Justice Dept, Citigroup settle last of Banamex probe
May 22, 2017 / 3:05 PM / 6 months ago

U.S. Justice Dept, Citigroup settle last of Banamex probe

NEW YORK, May 22 (Reuters) - The U.S. Department of Justice and Citigroup Inc said on Monday that they have settled a criminal investigation into violations of anti-money laundering rules and the Bank Secrecy Act at the bank’s Banamex USA unit.

The settlement includes a non-prosecution agreement and a forfeiture by Citigroup of $97 million, the department and the bank said in statements. The bank said it had it already reserved for the expense. (Reporting by David Henry in New York; Editing by Chizu Nomiyama)

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