Federal Reserve Board Takes Action Against Deutsche Bank AG and U.S. Affiliates

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Source: Federal Reserve
Federal Reserve Board Takes Action Against Deutsche Bank AG and U.S. Affiliates
Photo: Federal Reserve
TL;DR Summary

The Federal Reserve Board has announced two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates. The first action includes a consent order and a $186 million fine for unsafe and unsound practices and violations of previous consent orders relating to sanctions compliance and anti-money laundering controls. The second action is a Written Agreement addressing general deficiencies in Deutsche Bank's governance, risk management, and controls.

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