FILE PHOTO - A teller at a branch of the Industrial and Commercial Bank of China (ICBC) works behind the counter in central Sydney, Australia, April 7, 2016. REUTERS/David Gray

WASHINGTON (Reuters) - The Federal Reserve on Tuesday faulted the Industrial and Commercial Bank of China Ltd for not having enough anti-money laundering protections and ordered the bank to toughen its checks on illicit funds.

The bank has two months to present the Fed with new policies to detect illicit money transfers and other prohibited transactions.