Wells Fargo issued findings from an independent investigation into the bank's retail sales practices.
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Federal Reserve Bank of New York President William C. Dudley offered several principles to consider when evaluating the post-financial crisis regulatory regime and raised questions about the effectiveness of the Volcker Rule.
The Chief Compliance Officer of MoneyGram International agreed to settle fraud charges brought by FinCEN and the United States Attorney that included failures to develop and implement adequate anti-money laundering programs as required by the Bank Secrecy Act.
The Board of Governors of the Federal Reserve System fined Deutsche Bank AG and its U.S. operations $41 million for anti-money laundering and Bank Secrecy Act compliance violations.
Federal Reserve Bank of New York Executive Vice President Simon Potter urged all foreign exchange market participants to adopt the FX Global Code.