During the internal transfer error in April last year The employee or references responsible for the wrong inspection did not notice. The deal only Discover a third worker after 90 minutes of reservationWhen I discovered the difference in the bank account balance.
Citigroup succeeded in credit 81,000 billion dollars instead of transferring $ 280.
Although the defective treatment was reversed within a few hours The movement of actual money did not occur, The case may significantly increase the bank's perception of supervisory bodies. Citigroup has informed the federal reserve and the financial observer office of what happened.
According to the bank, the internal audit system determined the amount of Citi Ledger accounts in a timely manner, and the mechanisms had prevented the bank from leaving. At the same time, the issue indicates the need to eliminate manual processes and introduce automatic checks.
According to Citigroup's internal report, there was a total of approximately 10 “accidents” as a wrong idea had to be corrected for more than a billion dollars.
This is a simple improvement compared to 13 cases in the previous year.
The case is especially sensitive because the bank is still struggling with the Revlon case of 2020, when it accidentally transferred $ 900 million to the cosmetic company creditors. This incident has replaced CEO Michael Korbat and imposed large fines.
The technical error was due to an insertion error and a difficult backup system. The problem was formed when 280 dollars, and four transfers based on an account to a Brazilian deposit accountAnd only It can be implemented through a rare reserve system.
The privacy of the system was that the total field was 15 zero, which the writer forgot to delete.
The cover image is an illustration. Cover photo source: Getty Images
