Citibank has been implicated in financing a global arms network, with operations spanning Africa and the Middle East.
2 reports, 2 independent
Updated Aug 30
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Citibank has been implicated in financing a global arms network, with operations spanning Africa and the Middle East.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Citibank has been fined due to failures in complying with Russia sanctions.Sub-event
Citibank supported a global arms network through illicit financing in Africa and the Middle East.1 source
Illicit trading networks are extending their reach into Latin America and Africa.1 source
Keep exploring
Part of
Organized crime gangs are sourcing and supplying large quantities of illicit substances within the global drug and arms market.Also in this story
- Protests were held regarding the drug trade and illegal liquor business.
- Politicians and suppliers facilitate the procurement and delivery of weapons, contributing to a sophisticated network.
- Organized crime groups are conducting international drug smuggling and money laundering operations, stretching into the UK and Europe.
- Sinaloa Cartel is producing methamphetamine in Chicago using precursor chemicals sourced from China and India.
The entities involved
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Africa
continent
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Citibank
American multinational bank
- The OCC investigated the policies of multiple major banks, including Citibank, BMO, and JPMorgan Chase, following a Trump executive order.
- Multiple international and domestic banks, including Standard Chartered, Mashreq, and Citibank, hold senior roles in India, alongside executive movements like Mantri joining Axis Bank.
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran