All posts tagged "Citibank"
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248KoreaFSC Korea Orders Citi to Submit Detailed Plans on Market Exit
Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021 -
371China19 Hong Kong Banks Approved to Participate in Wealth Connect
Citibank, Hang Seng Bank, HSBC, ICBC, and Standard Chartered are among those that will participate in both the southbound and northbound schemes.
October 19, 2021 -
204EnforcementFSS Korea Warns KB Savings Bank Over Lax Lending Controls
KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.
September 9, 2021 -
320Fintech / RegtechMAS Announces Finalists for Global CBDC Challenge
The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.
August 31, 2021 -
641FeatureHKEX Names Firms Piloting New Stock Connect Settlement Platform
BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.
June 29, 2021 -
358AML / KYCHK Bankers Threatened With Jail Under National Security Law
Letters sent to HSBC and Citibank threaten up to seven years' jail for any dealings with Hong Kong accounts belonging to media tycoon Jimmy Lai.
May 29, 2021 -
455Fintech / RegtechRBI Asks Banks to Cut Ties With Cryptocurrency Exchanges
The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
May 17, 2021 -
897AML / KYC
Taiwan FSC Fines Citibank, DBS for AML Violations
The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.
May 14, 2021 -
338ChinaIndian Court Lifts Freeze Order on ByteDance Bank Accounts
ByteDance is required to deposit around $10.6mn in a state-run bank, the amount tax authorities claim the company owes.
April 9, 2021 -
265FeatureUS Court Rules Against Citigroup Over Revlon Error Payment
The federal judge ruled that a group of asset managers are not required to return $501mn that Citigroup mistakenly paid early on behalf of Revlon last August.
February 18, 2021
