Fed cites Citi for breaching money-laundering law

The Federal Reserve on Tuesday cited Citigroup Inc. (US:c) for failing to comply with a federal law that requires banks to establish protections against money-laundering but didn't impose a fine. More on Market Watch. Citi Group is a Global Compact participant since 2010/03/24. Citi Group was a Gold Contributor to the Foundation for the Global Compact in 2012, 2011 and 2010.