US Fed orders Credit Suisse to strengthen anti-money laundering policies

By Pete Schroeder WASHINGTON (Reuters) - The U.S. Federal Reserve ordered Credit Suisse on Friday to strengthen its anti-money laundering policies after bank examiners found deficiencies in its U.

S. operations. The order directs the bank to adopt a formal plan to overhaul its policies within 90 days to ensure it is appropriately monitoring for illicit activity, and regularly report to the regulator on its progress. In a statement, the bank said it was committed to meeting the terms of the order "in a timely and thorough manner,".....

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