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Violation Tracker Individual Record

Company: Citibank N.A.
Current Parent Company: Citigroup
Penalty: $550,000
Year: 2017
Date: September 25, 2017
Offense Group: miscellaneous offenses
Primary Offense: data submission deficiencies
Violation Description: The U.S. Commodity Futures Trading Commission issued an Order filing and simultaneously settling charges against Citibank, N.A. and Citigroup Global Markets Limited for failing to report Legal Entity Identifier information for swap transactions properly to a Swap Data Repository (SDR), failing to establish the electronic systems and procedures necessary to do so, failing to correct errors in LEI data previously reported to an SDR, and failing to perform supervisory duties diligently with respect to LEI swap data reporting, all in violation of CFTC Regulations.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.