![]() Compliance with AML laws and regulations. ![]() The following key principles govern Citi's approach to controlling Anti-Money Laundering (AML) risk: Consistent with this goal, Citi is committed to the fight against money laundering and leading the way in Responsible Finance conduct that is transparent, prudent and dependable. Financial services firms, regulators and law enforcement agencies alike work very hard to stay ahead of increasingly sophisticated criminals that seek to exploit the global financial system.Īs a company that operates in a wide variety of cultures, languages and legal systems employs over 240,000 people has a presence in more than 160 countries and maintains more than 200 million customer accounts Citi will always be a target of would-be money launderers.Ĭiti's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. The challenges in the fight against money laundering are vast, and potential threats exist in every corner of the world. Money laundering undermines confidence in the international financial system. Money laundering is the process by which the illegal origin of wealth is disguised to avoid the suspicion of law enforcement authorities.
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