News

U.S. regulators told Deutsche Bank to promptly fix persistent shortcomings in its anti-money laundering controls or face a fine, The Wall Street Journal reported. More German officials may move their nation's financial intelligence unit back under federal police after the agency's transfer to customs yielded disappointing results, Der Spiegel reported. More A German court sentenced a former executive of private lender M.M. Warburg to more than five years in prison for facilitating tax fraud, Reuters reported. More A Brazilian court imposed an eight-year prison sentence on a Swiss banker convicted of laundering $22 million for energy firm Petrobras, Blick reported....