Press Release

May 30, 2017 Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG For release at 4:30 p.m. EDT Share 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. For media inquiries, call 202-452-2955. Board Votes Attachment (PDF)

Federal Reserve (2017, May 29). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20170530_federal_reserve_board_announces_41_million

@misc{wtfs_press_release_20170530_federal_reserve_board_announces_41_million,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2017},
  month = {May},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20170530_federal_reserve_board_announces_41_million},
  note = {Retrieved via When the Fed Speaks corpus}
}