Federal Reserve Board Takes Action Against Deutsche Bank AG and U.S. Affiliates

The Federal Reserve Board has announced two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates. The first action includes a consent order and a $186 million fine for unsafe and unsound practices and violations of previous consent orders relating to sanctions compliance and anti-money laundering controls. The second action is a Written Agreement addressing general deficiencies in Deutsche Bank's governance, risk management, and controls.