Category Archives: Companies

Citibank to close troublesome Banamex USA

Nasdaq – Citigroup Inc. confirmed that it will close Banamex USA, a small unit doing business across the U.S.-Mexico border, and agreed to pay $140 million to regulators who said the unit hadn’t done enough to protect itself from money launderers. The unit is still being examined by other regulatory agencies, including the Treasury Department’s Financial Crimes Enforcement Network.

http://www.nasdaq.com/article/citigroup-to-close-banamex-usa–update-20150722-00950