WASHINGTON, Oct. 4 -- Sen. Tim Scott, R-South Carolina, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following news release: Ranking Member Tim Scott (R-S.C.) and fellow Senate Banking Committee member, Senator Mike Rounds (R-S.D.), are demanding answers following reports that the Federal Reserve Bank of New York (NY Fed) failed to implement basic anti-money laundering controls on account relationships with the Central Bank of Iraq, resulting in potentia  more