Friday, June 26, 2009

Citi to submit improvement plan to Japan regulator


Fri, Jun 26 03:03 PM

Citigroup said it would submit a business improvement plan to Japan's financial regulator after it

was ordered to suspend sales promotion for a month at its retail banking division for lax controls

against money laundering.

"Citibank Japan is committed to implement all necessary measures to prevent any future

occurrence of the problems identified," the company said in a statement, adding it would submit

the improvement plan to the regulator by July 31.

Source: http://in.news.yahoo.com/137/20090626/748/tbs-citi-to-submit-improvement-plan-to-j.htm

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