Citi: Lax Habits Triggered Trouble

A GAO report says rules were flouted, helping hide suspect cash

Was Citibank an unwitting pawn when Raul Salinas de Gortari, the imprisoned brother of Mexico's former President, used Citi accounts to move millions in alleged drug and influence-peddling money out of Mexico? Or was the bank so eager to please the former First Brother that it turned a blind eye to suspicious activities and then designed a secretive plan to let him transfer more than $90 million out of the country? According to a stinging General Accounting Office report set for release on Dec. 4, it appears to be the latter.

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