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CFTC orders Citibank and Citigroup Global Markets Limited to pay USD1m penalty for swap data reporting violations

CFTC orders Citibank and Citigroup Global Markets Limited to pay USD1m penalty for swap data reporting violations

The Commodity Futures Trading Commission has filed and settled charges against Citibank, NA and Citigroup Global Markets Limited (collectively, Citi), two provisionally registered swap dealers, for failing to comply with certain swap dealer requirements for reporting Legal Entity Identifier (LEI) information to a swap data repository (SDR) and related supervision failures.