1 http://online.wsj.com/article/BT-CO-20120405-708286.html * April 5, 2012, 10:23 a.m. ET
By Alan Zibel
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--A U.S. bank regulator on Thursday cited Citigroup Inc. (C) for failing to comply with a federal law that requires banks to establish protections against money-laundering but didn't impose a fine.
The Office of the Comptroller of the Currency said that Citi's U.S. banking unit showed deficiencies in its compliance with the bank-secrecy act, which requires banks to report on suspicious activities and maintain other protections against money laundering.
Citi neither admitted nor denied the regulator's allegations and entered into a consent order with the regulator to fix the problems. Though the regulator didn't issue a fine, it still has the right to do so.
The regulator said the bank had numerous weaknesses, including problems identifying and monitoring high-risk customers.
In response, Citi said that the bank has "taken significant steps" in developing plans to manage the risk of money-laundering risks.
"Because of these actions, many of the issues highlighted in the OCC's order have already been remediated or are in the process of being remediated," the bank said. "Furthermore, we are developing a plan to address the remaining OCC requirements. "
-By Alan Zibel, Dow Jones Newswires; 202-862-9263; alan.zibel@dowjones.com

2 http://www.fool.com/investing/general/2010/07/22/citigroup-strengths-weaknesses-opportunities-threa.aspx Citigroup: Strengths, Weaknesses, Opportunities, Threats
By Russ Krull | More Articles
July 22, 2010 | Comments (5)
A SWOT analysis -- a look at strengths, weaknesses, opportunities, and threats -- is a good way to evaluate a company's business operations. Citigroup (NYSE: C ) , the baron of the big bank bailout brigade, was one of the firms at the center of the