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Company: Citigroup
Current Parent Company:
Citigroup
Parent at the Time of the Penalty Announcement:
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Penalty: $60,600,000
Year: 2024
Date: July 10, 2024
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The Federal Reserve Board fined Citigroup $60.6 million for violating the Board's 2020 enforcement action, saying Citigroup had made insufficient progress remediating its problems with data quality management and failed to implement compensating controls to manage its ongoing risk.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
