Deutsche Bank fined further $41 million by Fed

Deutsche Bank

In a statement published on May 30, the Federal Reserve Bank of New York ordered Deutsche Bank to pay $41 million in addition to improving its senior management oversight and controls relating to anti-money laundering (AML) laws.

The US central bank launched the investigation in 2015 and found that the banking giant had violated regulatory compliance regulation, preventing the bank from “properly assessing” AML risk for billions of dollars in “potentially suspicious” transactions between 2011

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