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Midweek Roundup: Deutsche Bank AG in Crosshairs Again, IRS to Expand Enforcement Staff, and More
printBritish regulators criticized Deutsche Bank AG in March for insufficiently verifying the identities of its clients and failing to properly vet organizations for sanctions-related risks, Bloomberg reported, citing an unnamed source. The compliance lapses arose in the bank's global markets division and its corporate and investment banking wing. More The U.K.'s Bank of England and Financial Services Bill became law on Wednesday after receiving royal assent. The act mandates tighter oversight of bank managers, grants lawmakers a greater role in selecting the head of the Financial Conduct Authority and requires financial institutions to adopt a risk-based approach when considering politicians...
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