Although Citi voluntarily disclosed its failure to adequately monitor remote deposit capture from 2006 through 2010 — leading to its failure to file timely SARs — the OCC found that the bank's ...

OCC Cites Citi For Violating Bank Secrecy Act AML Requirements. Share. Resize. This copy is for your personal, non-commercial use only. ... The OCC didn't impose a fine, but still can do so.

OCC suspects bank didn't equally extend friendly mortgage lending terms. October 11, 2018, 10:48am by Jacob Gaffney. ... As a result, Citibank could face OCC sanctions, or worse.

In the letter, dated Oct. 2, Warren implored Hsu to follow the OCC's four-phase program to address repeat offenses by large banks, saying that so far, the regulator has taken the first two steps ...

In the letter, dated Oct. 2, Warren implored Hsu to follow the OCC's four-phase program to address repeat offenses by large banks, saying that so far, the regulator has taken the first two steps — ...

The senator cited a four-step framework the OCC's Michael Hsu floated last year, with growth restriction as a follow-up to penalties. Citi’s July penalties merely repeat Step 2, the senator said.

The bank was fined for violating the Federal Reserve's and OCC's 2020 consent orders against Citi ().The company failed to implement compensating controls to manage its ongoing risk, the Fed said.

The Office of the Comptroller of the Currency (OCC) has lifted a 2012 consent order against Citigroup Inc. that called for the bank to improve its transparency and take steps against money ...

The OCC added that Citibank has mostly completed a plan to reimburse all customers who did not receive the appropriate RLP benefit, which would total approximately 24,000 customers in the amount of ...

After the OCC announced a consent order against Bank of America (BAC) related to compliance with the Bank Secrecy Act, Citi says the firm does not view the announcement as a surprise, despite the ...