Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2015
Banamex USA money-laundering investigation
Banamex USA was closed after a six-year United States investigation into alleged money-laundering activity involving Citigroup and Grupo Financiero Banamex. Citigroup agreed to pay a reported US$140 million penalty.
2014
Vendor kickback and private-recording allegations
Reporting alleged that employees accepted millions of dollars in vendor kickbacks and that the bank's security department acquired recordings of private conversations from third parties. Authorities in Mexico and the United States investigated the allegations, and Citigroup encouraged senior executive Manuel Medina-Mora to resign.