The Federal Reserve cited Germany's second-largest bank Thursday for broad deficiencies in its anti-money laundering program, including insufficient risk-ranking, suspicious activity reporting and bulk cash controls. The 9-page written agreement with Frankfurt-based Commerzbank AG and its New York branch also called for the bank to complete a look-back of transactions made since Sept. 1, 2010. The bank must additionally improve its enhanced due diligence for foreign affiliates and clients and bolster its independent testing and internal training, the regulator said. Commerzbank is "committed to take all necessary measures to comply with the additional compliance and reporting requirements agreed [to] with...