Report: US Government Investigating Citigroup's Anti-Money Laundering Policies

U.S. government agencies are reportedly investigating Citigroup's anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking at the bank's work for a trust that holds assets owned by Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg reported Thursday (Nov. 14), citing unnamed sources. A Citigroup spokesperson told Bloomberg: "Citi is committed to conducting all business with the highest consideration for com ...