Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin climbs solo, without altcoins – risk alert for traders!

2025-05-22

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

2025-05-22

.Sonic is now on Sonic!

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Major US bank ordered to pay $135,600,000 fine for persistent problems with risk management, compliance, data and internal controls
Major US bank ordered to pay $135,600,000 fine for persistent problems with risk management, compliance, data and internal controls
Regulation

Major US bank ordered to pay $135,600,000 fine for persistent problems with risk management, compliance, data and internal controls

2024-07-21No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

US banking giant Citigroup will pay out $135.6 million to regulators for failing to resolve long-standing problems with the bank’s risk management, compliance, data processing and internal controls.

The Federal Reserve and the Office of the Comptroller of the Monet (OCC) imposed the collective penalty for failing to address deficiencies identified in two enforcement actions in the fourth quarter of 2020.

At the time, Citigroup agreed to undergo remediation efforts designed to revamp its data management and internal controls programs.

But in a new review, regulators say they have determined the bank has failed to make enough progress that would have addressed their concerns.

“Citibank must understand its transformation and fully address its longstanding shortcomings in a timely manner.

While the bank’s board and management have made meaningful progress overall, including taking the necessary steps to simplify the bank, certain persistent weaknesses remain, particularly in relation to data. Today’s amendment requires the bank to refocus its efforts on taking the necessary corrective actions and ensure that appropriate resources are allocated for this purpose.”

The Fed warns that it will impose additional penalties and take formal action if Citigroup fails to correct ongoing violations.

According to the Violation Tracker database, Citigroup has paid more than $26.945 billion in fines since 2000 to resolve enforcement actions, including securities misuse, banking violations, investor protection violations and other violations.

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on XFacebook and Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

See also  Bitcoin is at risk? Mining stocks are falling and BTC can be the following!
bank compliance Controls Data Fine Internal Major management Ordered pay persistent Problems Risk
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin climbs solo, without altcoins – risk alert for traders!

2025-05-22

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

2025-05-22

Sophon reveals ZKTLS-based social oracle to integrate private web2 data

2025-05-22

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Bitcoin price jumps above $44,000, these are the factors causing it

2024-02-08

How the Sportsbet.io and LALIGA Partnership Redefines Sports Betting and Fan Engagement via Blockchain

2024-11-23

Bitcoin Exchange Infllow increases as US consumer confidence refuses

2025-02-26
Editors Picks

Obol is looking at institutions with an insurance partnership for distributed ETH validators

2024-04-14

Bitcoin Ordinals Boom, Airdrop Craze and brands come and go

2024-12-27

Solana AI projects rise despite Trump stealing headlines

2024-11-17

Burnt launches XION Testnet to use USDC as transaction currency

2023-10-08
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin climbs solo, without altcoins – risk alert for traders!

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

.Sonic is now on Sonic!

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,174.022.17%
  • ethereumEthereum(ETH)$2,647.454.75%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.421.23%
  • binancecoinBNB(BNB)$683.461.55%
  • solanaSolana(SOL)$178.884.49%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2412794.53%
  • cardanoCardano(ADA)$0.805.20%
  • tronTRON(TRX)$0.2746072.55%
  • suiSui(SUI)$3.84-1.12%
  • chainlinkChainlink(LINK)$16.694.87%
  • hyperliquidHyperliquid(HYPE)$32.8217.82%
  • avalanche-2Avalanche(AVAX)$24.989.38%
  • stellarStellar(XLM)$0.3022253.72%
  • shiba-inuShiba Inu(SHIB)$0.0000153.44%
  • bitcoin-cashBitcoin Cash(BCH)$441.959.60%
  • hedera-hashgraphHedera(HBAR)$0.2037213.07%
  • unus-sed-leoUNUS SED LEO(LEO)$8.910.76%
  • the-open-networkToncoin(TON)$3.162.45%
  • polkadotPolkadot(DOT)$4.933.95%
  • litecoinLitecoin(LTC)$100.013.25%
  • moneroMonero(XMR)$394.000.14%
  • pepePepe(PEPE)$0.0000158.42%
  • bitget-tokenBitget Token(BGB)$5.220.03%
  • piPi(PI)$0.82-1.66%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$463.273.62%
  • uniswapUniswap(UNI)$6.363.47%
  • aaveAave(AAVE)$256.342.87%
  • nearNEAR Protocol(NEAR)$3.078.12%
  • aptosAptos(APT)$5.699.22%
  • ondo-financeOndo(ONDO)$1.014.45%
  • okbOKB(OKB)$52.610.97%
  • kaspaKaspa(KAS)$0.1165963.78%
  • internet-computerInternet Computer(ICP)$5.666.91%
  • ethereum-classicEthereum Classic(ETC)$19.634.42%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.41-0.78%
  • gatechain-tokenGateToken(GT)$21.830.85%
  • render-tokenRender(RENDER)$5.148.76%
  • crypto-com-chainCronos(CRO)$0.1001203.39%
  • vechainVeChain(VET)$0.0304495.62%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501183.90%
  • mantleMantle(MNT)$0.763.26%
  • ethenaEthena(ENA)$0.4136434.08%
  • worldcoin-wldWorldcoin(WLD)$1.4926.80%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.16%
  • arbitrumArbitrum(ARB)$0.4257804.62%
  • bitcoinBitcoin(BTC)$111,174.022.17%
  • ethereumEthereum(ETH)$2,647.454.75%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.421.23%
  • binancecoinBNB(BNB)$683.461.55%
  • solanaSolana(SOL)$178.884.49%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2412794.53%
  • cardanoCardano(ADA)$0.805.20%
  • tronTRON(TRX)$0.2746072.55%
  • suiSui(SUI)$3.84-1.12%
  • chainlinkChainlink(LINK)$16.694.87%
  • hyperliquidHyperliquid(HYPE)$32.8217.82%
  • avalanche-2Avalanche(AVAX)$24.989.38%
  • stellarStellar(XLM)$0.3022253.72%
  • shiba-inuShiba Inu(SHIB)$0.0000153.44%
  • bitcoin-cashBitcoin Cash(BCH)$441.959.60%
  • hedera-hashgraphHedera(HBAR)$0.2037213.07%
  • unus-sed-leoUNUS SED LEO(LEO)$8.910.76%
  • the-open-networkToncoin(TON)$3.162.45%
  • polkadotPolkadot(DOT)$4.933.95%
  • litecoinLitecoin(LTC)$100.013.25%
  • moneroMonero(XMR)$394.000.14%
  • pepePepe(PEPE)$0.0000158.42%
  • bitget-tokenBitget Token(BGB)$5.220.03%
  • piPi(PI)$0.82-1.66%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$463.273.62%
  • uniswapUniswap(UNI)$6.363.47%
  • aaveAave(AAVE)$256.342.87%
  • nearNEAR Protocol(NEAR)$3.078.12%
  • aptosAptos(APT)$5.699.22%
  • ondo-financeOndo(ONDO)$1.014.45%
  • okbOKB(OKB)$52.610.97%
  • kaspaKaspa(KAS)$0.1165963.78%
  • internet-computerInternet Computer(ICP)$5.666.91%
  • ethereum-classicEthereum Classic(ETC)$19.634.42%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.41-0.78%
  • gatechain-tokenGateToken(GT)$21.830.85%
  • render-tokenRender(RENDER)$5.148.76%
  • crypto-com-chainCronos(CRO)$0.1001203.39%
  • vechainVeChain(VET)$0.0304495.62%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501183.90%
  • mantleMantle(MNT)$0.763.26%
  • ethenaEthena(ENA)$0.4136434.08%
  • worldcoin-wldWorldcoin(WLD)$1.4926.80%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.16%
  • arbitrumArbitrum(ARB)$0.4257804.62%