Citigroup fined for hiring criminals due to poor staff screening
Citigroup Global Markets must pay $1.25m for failing to run proper background checks on new
29 July 2019 - 18:44
New York — A Citigroup brokerage unit’s failure to run adequate background checks on thousands of employees led to three people convicted of crimes working for the firm, an industry regulator said.
Citigroup Global Markets insufficiently screened 10,400 workers from January 2010 until May 2017, triggering a $1.25m fine, the Financial Industry Regulatory Authority (Finra) said in a Monday statement...
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