Report: US Government Investigating Citigroup's Anti-Money Laundering Policies
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The U.S. government is investigating Citigroup's anti-money laundering policies and its connections to a sanctioned Russian official. Agencies involved include the DOJ, FBI, and IRS, focusing on Citigroup's work for a trust linked to Russian billionaire Suleiman Abusaidovich Kerimov.
November 15, 2024 | 2:30 am
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Citigroup is under investigation by U.S. government agencies for its anti-money laundering policies and ties to a sanctioned Russian official. This could affect its operations and reputation.
The investigation by multiple U.S. government agencies into Citigroup's AML policies and its ties to a sanctioned Russian official could lead to legal and regulatory challenges. This may negatively impact Citigroup's stock price in the short term due to potential fines, increased scrutiny, and reputational damage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100