5-Mar-14
NEW YORK (AP ) - Citigroup and Banamex subsidiary of the United States has complied with the disclosure relating to the Bank Secrecy Act and in accordance with federal anti-money laundering laws and banking regulations grand jury subpoena .
Citigroup said in a regulatory filing on Monday , Massachusetts regional banks and the U.S. received a summons U.S. Attorney's Office of Banamex 's . Banamex USA also received a subpoena from the Federal Deposit Insurance Corporation (FDIC) Citigroup said it cooperate fully with the investigation.
On Friday, Citigroup announced that the company lowered its 2013 earnings minus $ 235 million , saying it was a victim of fraud perpetrated by the Mexican oil services company Oceanografia SA DE CV, or OSA. Citigroup said , OSA overestimated the $ 400 million it is to do business with the Mexican state oil company Petroleos Mexicanos , or Pemex . OSA using forged invoices as collateral of $ 585 million yuan of bank loans Banamex , Citigroup said . But after an investigation , United States $ invoice verification only 1.85 million yuan .
Citigroup said it believes the case is isolated, it is moving to recover the money , and to identify any fraudulent . Mexican authorities say they have taken control of OSA , in part, to help ensure United States recoups funds.
Citigroup shares fell 95 cents to $ 47.68 in afternoon trading
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