In-house lawyers for Deutsche Bank AG and its U.S. operations have signed a consent order with regulators over its violations of the U.S. Bank Secrecy Act and antimoney laundering laws, in yet another slap for the international banking giant despite its already having several outside monitors.
The Federal Reserve Board’s order states that the bank’s U.S. operations failed to address “unsafe and unsound practices” and to properly assess “billions of dollars in potentially suspicious transactions processed between 2011 and 2015.”
