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Japan to order Citi suspend some business -sources

TOKYO, June 26 (Reuters) - Japan's financial regulator will order Citigroup C.N to suspend some of its retail business in Japan for lax oversight of money laundering controls, two people familiar with the matter said.

The Financial Services Agency will announce the punishment on Friday, said the sources, who declined to be identified because the information was not yet public.

It was not immediately clear how long the suspension would last, or what operations would be affected.

A spokesman for Citigroup in Japan declined to comment while the regulator was not immediately available for comment. (Reporting by Taro Fuse and David Dolan; Editing by Rodney Joyce)

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