US hits Germany’s biggest bank with $186 million fine ...News

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US hits Germany’s biggest bank with $186 million fine
The penalty follows Deutsche Bank’s failure to address its money laundering control issues The US Federal Reserve said on Wednesday it has fined Germany’s Deutsche Bank and its US affiliates $186 million for failing to properly address money laundering control problems, previously flagged by the US regulator. The Fed previously fined the bank in 2015 and 2017 for the same issues, arising from insufficient controls in Deutsche's relationship with the Estonian branch of Danske Bank. “Deutsche Bank made insufficient remedial progress” in complying with those orders, which it had consented to, the Fed said in its late

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