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MelissaB

(16,420 posts)
Tue May 30, 2017, 04:57 PM May 2017

Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deuts

Source: Federal Reserve

Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG

The Federal Reserve Board on Tuesday announced a $41 million penalty and consent cease and desist order against the U.S. operations of Deutsche Bank AG for anti-money laundering deficiencies.

The actions were taken by the Board to address unsafe and unsound practices at the firm's domestic banking operations. The Board identified failures by Deutsche Bank's U.S. banking operations to maintain an effective program to comply with the Bank Secrecy Act and anti-money laundering laws.

The consent order requires Deutsche Bank to improve its senior management oversight and controls related to compliance by the U.S. banking operations with anti-money laundering laws.

More: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20170530a.htm

Read more: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20170530a.htm

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Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deuts (Original Post) MelissaB May 2017 OP
41 million is peanuts to them mdbl May 2017 #1
and, other then the russian mob elmac May 2017 #2
 

elmac

(4,642 posts)
2. and, other then the russian mob
Tue May 30, 2017, 05:59 PM
May 2017

is the only place that will loan tRump money. They do plenty of biz with putins boys also.

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