Federal Reserve issues enforcement action with Industrial and Commercial Bank of China Ltd.

The following press release was published by the Board of Governors of the Federal Reserve System on March 13, 2018. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Industrial and Commercial Bank of China Ltd., Beijing, People's Republic of China and Industrial and Commercial Bank of China Ltd., New York Branch, New York, New York Cease and Desist Order dated March 12, 2018 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System