The Globe and Mail reports in its Friday edition that Royal Bank of Canada's U.S. subsidiary City National Bank has been ordered to implement a sweeping array of reforms after a top U.S. banking regulator found failings in many of its internal controls and risk-management processes. The Globe's Stefanie Marotta writes that the U.S. Office of the Comptroller of the Currency (OCC) announced that it has imposed a $65-million (U.S.) fine on City National. Canadian and U.S. regulators have been bolstering their enforcement measures over anti-money-laundering gaps. Los Angeles-based City National -- which was acquired by RBC in 2015 -- was also ordered to implement a series of internal reforms. It must develop new or updated policies in areas including third party risk management. Early last year, the U.S. Department of Justice fined the bank $31-million (U.S.) for redlining -- the term that refers to discrimination by not providing mortgages and loans for predominately black and Latino communities. In December, Canada's FinTRAC ordered RBC to pay a $7.5-million penalty after the regulator found that the bank had committed three violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.