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.
May 22, 2017 at 05:31 PM
1 minute read
Once again, the federal government has held a chief compliance officer personally liable for failing to stop a company’s misconduct.
This time the CCO worked at Banamex USA (BUSA) in Los Angeles, a banking subsidiary of Citigroup Inc., which just signed a nonprosecution agreement on Monday.
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