Citigroup Inc., the third-biggest U.S. bank, said an investigation into money-laundering controls at its Banamex USA unit has expanded, with additional U.S. and state authorities seeking information.
The bank and the subsidiary received requests for information from the U.S. Treasury Department’s Financial Crimes Enforcement Network and California’s Department of Business Oversight, the New York-based firm said today in an annual regulatory filing. Citigroup said last year it got subpoenas related to compliance with the Bank Secrecy Act and federal anti-money-laundering requirements from the U.S. Attorney’s Office for the District of Massachusetts and the Federal Deposit Insurance Corp.
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