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.

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 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 ...

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 ...

On October 7, 2020, The Office of the Comptroller of the Currency (“OCC”) announced that it had assessed a $400 million civil penalty against Citibank, N.A. regarding alleged deficiencies in ...

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 ...

Citi Faces Possible OCC, Fed Reprimand Over Risk Controls. Regulators were frustrated by bank’s slow pace of improvement; Firm will pay for system upgrades by reducing real estate ...

Citi failed to offer discounts on home loans to roughly 24,000 eligible borrowers over a three-year period beginning in mid-2011, the OCC said. The pricing benefit is available to borrowers who ...