The US Federal Reserve (Fed) fined Deutsche Bank $186 million on Wednesday. This decision comes despite the bank having invested heavily in its compliance systems

Deutsche Bank's action against money laundering is considered insufficient and the bank has agreed to comply with new supervisory rules. In 2017, the Fed had already sanctioned the German bank, which is very present on Wall Street, with 41 million dollars and the State of New York had ordered it to pay it 425 million dollars in a case involving equity transactions that allowed 10 billion dollars to be transferred out of Russia

On Wednesday, the central bank ruled that the group had “made insufficient progress” in correcting its practices and improving its internal control procedures.