Op risk data: Europe’s AML drive follows Danske and ING slips

Also: top five losses include mortgage penalty for Citi and reporting fines for Goldman, UBS. Data by ORX News

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The largest publicly reported loss in March is a $49 million penalty levied on Citigroup for mortgage failings in the US. The bank denied benefits to mortgage borrowers based on race, colour, national origin or sex, in violation of the Fair Housing Act, according to the Office of the Comptroller of the Currency.

Citigroup provided a loan pricing programme that gave eligible borrowers a credit to closing costs or an interest rate reduction. But due to poor staff training and inadequate review

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