Citi has brought on Andrea Gacki, the former head of the U.S. Treasury’s anti-money laundering office, as its new global head of sanctions. The appointment places a senior regulator inside the bank’s compliance structure.
Gacki’s Treasury background
Gacki most recently led the Treasury’s anti-money laundering efforts. Her work there involved overseeing policies aimed at preventing financial crimes and enforcing sanctions. The exact title and scope of her Treasury role have not been detailed by Citi.
What she’ll do at Citi
In her new position, Gacki will oversee Citi’s sanctions compliance worldwide. The bank has not said when she will start or whether she will report directly to the chief risk officer. The hire comes as financial institutions face heightened scrutiny over sanctions enforcement.
Citi announced the move without additional comment.
