Putting Banks On The Front Line Against Dirty Money

A new push means bankers have to know their customers--or else

At Citicorp's annual meeting in Miami on Apr. 9, CEO John S. Reed revealed to shareholders that the bank could be "criminally indicted and convicted" for money laundering. The case stems from the bank's dealings with Raul Salinas de Gortari, the brother of former Mexican President Carlos Salinas de Gortari.

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