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Banamex USA Bank To Pay $140 Million Fine And Shut Down

KJZZ | By Jude Joffe-Block
Published July 23, 2015 at 6:46 PM MST

Banamex USA bank, a subsidiary of Citigroup, must pay regulators a $140 million fine for its failure to adequately follow federal anti-money laundering regulations. Citigroup announced Wednesday Banamex USA’s remaining branches will close.
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Jude Joffe-Block
Jude Joffe-Block was a senior field correspondent at KJZZ from 2010 to 2017.
See stories by Jude Joffe-Block