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From Citi Probe, Questions of Cartel Infiltration at Banamex
By Colby Adams
printIn internal reviews and an ongoing criminal and regulatory investigation, Citigroup employees and Mexican officials have privately voiced concerns that drug traffickers may have infiltrated Banamex's anti-money laundering department, say sources. The apparently coordinated plan involved using the names of deceased individuals and other falsified information on applications for compliance roles, as well as the possible cooperation of at least one Citigroup employee, according to the sources, who either have direct knowledge of the matter or have spoken directly with governmental investigators. While U.S.-based Citigroup compliance officers noted the suspicious activity within their Mexican affiliate after a lengthy review of...
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