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Violation Tracker UK Individual Case

Company: Citigroup Global Markets Limited, Citibank N.A. London branch and Citibank Europe Plc UK branch
Current Parent Company: Citigroup
Parent at the Time of the Penalty Announcement: Citigroup
Penalty: £43,890,000
Year: 2019
Date: 26 November, 2019
Offence Group: financial offences
Offence Type: internal controls deficiency
Violation Description: During the Relevant Period, according to the PRA, the three entities breached Fundamental Rule 6 because they failed to organise and control their affairs responsibly and effectively to ensure that they complied with their UK regulatory reporting obligations.
Action Type: agency action
Agency: Prudential Regulation Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)