CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR Market manipulation

CFTC release 7372-16 · 2016-05-26 · view on cftc.gov ↗

Key facts

Release number: 7372-16
Release date: 2016-05-26
Type: Market manipulation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7372-16

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.