Proporcionamos a nuestros clientes asesoramiento experto y las mejores prácticas de la industria
LLÁMENOS HOY 864-649-6300
Menu
Search

In The News

Home > Acquisitions > OCC Assesses $400 Million Civil Money Penalty Against Citibank
Oct13 - 20

OCC Assesses $400 Million Civil Money Penalty Against Citibank

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $400 million civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, related to deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls.

The OCC took these actions based on the bank’s unsafe or unsound banking practices for its long-standing failure to establish effective risk management and data governance programs and internal controls. This failure also resulted in a violation of 12 CFR Part 30, Appendix D, “OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches.” Read the complete article HERE.

Categories

Archives

Events

September
9-10, 2021

The 2021 PBC Conference will take place in Washington, D.C. At this event, you will learn more about payments, banking and compliance in the Cannabis…

October
24-27, 2021

The 2021 MoneyFest will take place in Las Vegas from October 24 to October 27. Learn more about this event here.

CONTÁCTENOS

Complete todos los campos marcados con * y envíe el siguiente formulario para
hacer su consulta.

PÓNGASE EN CONTACTO CON NOSOTROS HOY

Complete todos los campos marcados con* y envíe el siguiente formulario para hacer su consulta.

  • Este campo es un campo de validación y debe quedar sin cambios.

Call Now Button