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Fed Ends Sumitomo Mitsui Enforcement Action

Provided by Dow Jones Sep 9, 2025, 4:03:00 PM

By Nicholas G. Miller

The Federal Reserve Board said it was terminating its enforcement action against Sumitomo Mitsui, a Japanese bank.

The Fed has begun the action in 2019, claiming the bank's New York branch violated anti-money laundering regulations, including the Bank Secrecy Act.

At the time, the bank agreed to a consent agreement, mandating that it submit several plans to ensure compliance with anti-money laundering rules.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

September 09, 2025 12:03 ET (16:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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