All posts tagged "Citibank"
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110EnforcementFSS 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 -
180Fintech / 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 -
361FeatureHKEX 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 -
270AML / 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 -
371Fintech / 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 -
715AML / KYCTaiwan 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 -
260ChinaIndian 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 -
214FeatureUS 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 -
315Enforcement
FSC Penalises Citibank Taiwan Over Reporting Errors
The bank has been reporting credit data to the JCIC incorrectly since December 2010, potentially impacting the credit scores of certain customers.
February 5, 2021 -
398AML / KYC
Singapore Police Commend Citi, RHB Bank for Foiling Scam
Upon being alerted to a suspected case of money laundering by Citi, the Police's Anti-Scam Centre froze the funds and recovered $1.9mn.
December 30, 2020
