By Maya Lester KC & Michael O’Kane

Deutsche Bank fined for insufficient AML and sanctions controls

This week the US Federal Reserve Board announced two enforcement actions against Deutsche Bank, issuing a consent order and a $186m fine based on unsound practices and failure to comply with previous consent orders (press release). In 2015 the Federal Reserve issued a consent order (press release, previous post) which found that the bank had illegally processed transfers involving sanctioned …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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