JOHANNESBURG, Feb 20 (Reuters) - Citibank, N.A. South Africa said on Monday it aimed to improve its internal systems and monitoring processes after it agreed to pay a 69.5 million rand ($5 million) penalty for its role in a forex trading cartel.
South Africa's Competition Commission said last week it had found more than a dozen local and foreign banks colluded to coordinate trading in the South African and U.S. currencies.
($1 = 13.0555 rand)