Citigroup Restructures Compliance Work for 800 Staff and Addresses Regulatory Challenges
Monday, 16 September 2024, 02:21
Citigroup Restructures Compliance Work
Following a significant $136 million fine, Citigroup has undertaken a major restructuring of its compliance operations. The bank has shifted 800 employees under the leadership of CTO Tim Ryan to enhance effectiveness in addressing persistent regulatory challenges.
Addressing Regulatory Compliance
This strategic realignment is focused on improving compliance measures and reducing the risk of future violations. Tim Ryan aims to foster a culture of compliance within the organization, highlighting the importance of stringent regulations.
- $136 Million Fine
- Shift of 800 Staff
- Enhanced Compliance Focus
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