London CNN —Deutsche Bank has been trying to leave its troubled past behind for years.
The Fed found that Deutsche Bank (DB) has made insufficient progress since 2018 to tighten its anti-money laundering controls, improve customer due diligence and ensure compliance with sanctions, among other failures.
The Fed had already fined the bank a total of $99 million in 2015 and 2017 over the same issues.
Deutsche Bank exited the relationship in 2015.
In November, Germany’s financial watchdog BaFin threatened Deutsche Bank with a fine if it failed to take action on money laundering and terrorist financing controls.
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London CNN — Deutsche Bank, US Federal Reserve, Deutsche Bank, DB, Fed, Danske Bank, Deutsche, Danske
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