Japan's Financial Services Agency (FSA) has issued an administration action letter against Citibank Japan for "fundamental problems" with its internal controls regarding money laundering and protecting the bank against organised crime. The letter, issued Friday, suspends "all sales operations pertaining to all products handled by the retail banking division" for the period ranging from July 15 to August 14 this year. Citibank Japan's wholesale banking operations in Japan are unaffected.The action represents the third such reprimand for Citibank in Japan over the past ...