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Things looked to be in a bit of a mess at this Citi unit

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When Antonio Peña Arguelles opened an account in 2005 at Citigroup’s Banamex USA, the know-your-customer documents said he had a small business breeding cattle and white-tailed deer, ranch-raised for their stately antlers. About $50 a month would come into the account, according to the documents.

Citi could face trouble over emails

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A U.S. Justice Department criminal investigation into money-laundering controls at Citigroup’s Banamex USA unit has uncovered potential violations serious enough to merit a fine under the Bank Secrecy Act, according to people familiar with the probe.

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Things looked to be in a bit of a mess at this Citi unit

When Antonio Peña Arguelles opened an account in 2005 at Citigroup’s Banamex USA, the know-your-customer documents said he had a small business breeding cattle and white-tailed deer, ranch-raised for their stately antlers. About $50 a month would come into the account, according to the documents.