- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-07-19T20:45:00
The Federal Reserve Board fined Deutsche Bank $186 million regarding violations of previous consent orders addressing alleged sanctions and anti-money laundering (AML) weaknesses and control failures relating to the bank’s relationship with Danske Bank’s Estonia branch.
The penalty, levied against Deutsche Bank, its New York branch, and other of its U.S. affiliates, is comprised of two parts. Deutsche Bank was fined more than $140 million regarding its alleged violations of the sanctions and AML orders and $46.2 million regarding its relationship with Danske Estonia, the Fed detailed in a consent order published Wednesday.
The Fed also announced a separate written agreement with Deutsche Bank, in which the bank consented to submit plans to enhance its governance, risk management, and controls.
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2023-11-09T16:41:00Z By Kyle Brasseur
The wealth management arm of Morgan Stanley is being probed by the Federal Reserve regarding the controls it has in place to prevent wealthy foreign customers from laundering money, according to a report from the Wall Street Journal.
2023-09-25T17:26:00Z By Kyle Brasseur
DWS Investment Management Americas agreed to pay $25 million in penalties across separate settlements with the Securities and Exchange Commission addressing alleged misstatements in environmental, social, and governance investments and anti-money laundering violations.
2023-08-28T17:36:00Z By Jeff Dale
TD Bank disclosed in a shareholder report it is facing regulatory investigations regarding its Bank Secrecy Act/anti-money laundering compliance program.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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