Chief Compliance Officer Fined, Barred From Work as Banamex Reaches NPA

 

Sue Reisinger, Corporate Counsel

Once again, the federal government has held a chief compliance officer personally liable for failing to stop a company’s misconduct. The CCO worked at Banamex USA in Los Angeles, a banking subsidiary of Citigroup Inc. that just signed a nonprosecution agreement on Monday, but agreed to pay a $97.4 million penalty for money laundering and other criminal violations.

Read the Full Article Here:

http://www.corpcounsel.com/id=1202786909006/Chief-Compliance-Officer-Fined-Barred-From-Work-as-Banamex-Reaches-NPA?kw=Chief%20Compliance%20Officer%20Fined%2C%20Barred%20From%20Work%20as%20Banamex%20Reaches%20NPA&et=

 

Please follow and like us:

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *