Citigroup Inc. has agreed to pay less than $100 million to settle a yearslong money laundering investigation, the bank and government agencies announced Monday. The bank reached a settlement with the Justice Department and U.S. attorney’s office in Boston for $97.44 million, with no sanctions against Citigroup and a so-called nonprosecution agreement, according to the bank and Justice Department. The investigation centered on...

Source: Wall Street Journal May 22, 2017 15:11 UTC