Now that you’ve seen the problem, why haven’t you discovered the solution?
Banamex. ( Gary Denness via Flickr )
Chief Compliance Officer Fined, Barred From Work as Banamex Reaches NPA
Once again, the federal government has held a chief compliance officer personally liable for failing to stop a company’s misconduct. The CCO worked at Banamex USA in Los Angeles, a banking subsidiary of Citigroup Inc. that just signed a nonprosecution agreement on Monday, but agreed to pay a $97.4 million penalty for money laundering and other criminal violations.