Deutsche Bank faces US money-laundering investigation

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Federal authorities are investigating whether Deutsche Bank complied with laws meant to stop money laundering and other crimes, the latest government examination of potential misconduct at one of the world’s largest and most troubled banks, according to seven people familiar with the inquiry, reports The New York Times.

The criminal investigation into Deutsche Bank is one element of several separate but overlapping government examinations into how illicit funds flow through the American financial system, said five of the people, who were not authorized to speak publicly about the inquiries. Several other banks are also being investigated.

As reported earlier, German authorities say they’ve seized properties worth 40 million euros and millions more in cash in an investigation linked to a big Russian money laundering scheme.

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