Weekly Roundup: Japan Set to Disclose Findings on Possible Citi Violations, Treasury Official Warns Chinese Banks, and More

Japan's Financial Services Agency (FSA) is nearly complete with its investigation into possible anti-money laundering (AML) and other compliance violations by Citigroup, The Wall Street Journal reported Friday. Any potential sanction against the bank would follow 2004 violations that prompted Citi officials to close its private banking operation in Japan. In 2009, the FSA ordered the bank to suspend some sales activities for a month due to allegedly lax AML compliance. The regulator could disclose a new penalty by next month, the news agency said. More The Treasury Department's Undersecretary for Terrorism and Financial intelligence warned a group of China's...