The Department of Financial Services announced that Deutsche Bank would pay a $200 million penalty and install an independent monitor for New York Banking Law violations in connection with transactions on behalf of countries and entities subject to U.S. Sanctions, including Iran, Libya, Syria, Burma, and Sudan. The bank also paid a $58 million penalty to the Federal Reserve; For more info visit https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1511041