The US central bank had imposed the order on the institution in November 2008.
At the time, the Fed said the bank was "taking steps to correct certain violations of law and deficiencies in the New York branch's compliance with applicable federal and state laws ... relating to anti-money laundering".
Under the order, the bank had ten days to appoint an officer responsible for coordinating and submitting to the Federal Reserve Bank of New York's AML policies and procedures.
The bank's audit committee was also given 120 days to carry out a review of the New York branch's corporate governance and controls relating to AML compliance.
Dresdner Bank has around 910 branch offices in 50 countries worldwide. It became a wholly-owned subsidiary of Commerzbank on May 11th.