Bank of England officials have voiced concerns that Deutsche Bank is failing to improve its anti-money laundering (AML) controls and have warned the German lender that it could lose access to the UK market following Brexit, the Financial Times reported. The bank’s latest compliance troubles come four years after it was —>
Deutsche Bank
Deutsche Bank’s loans to Trump were underwritten by Russian state-owned bank
Deutsche Bank’s loans to Donald Trump were underwritten by Russian state-owned VTB Bank, according to the whistleblower whose collection of thousands of bank documents and internal communications have captured the recent attention of federal investigators, forensicnews.net reports. Val Broeksmit acquired the emails and files of his late father, Deutsche Bank executive William S. Broeksmit, —>
Deutsche Bank agreed to pay penalties to end a probe into money-laundering
Deutsche Bank said that it agreed to pay €15 million in penalties to end a probe into a money-laundering and tax evasion involving German clients. The bank and the Frankfurt public prosecutor’s office said in statements Friday afternoon that the settlement reflects shortcomings in Deutsche Bank’s compliance and filing of suspicious-activity —>
DoJ stepped up its investigation into Deutsche Bank
The US Department of Justice (DoJ) has intensified its investigation into Deutsche Bank’s involvement in Danske Bank money laundering scandal, Reuters reports. One source familiar with the matter stated the DoJ has established a new line of inquiry into whether Deutsche Bank helped transport tainted money from Danske into the —>
Deutsche Bank Reported Its Own Deal as Suspicious
Deutsche Bank was already under federal investigation for helping wealthy Russians launder money when it struck a deal last year to sell a property it co-owned in California, The New York Times reports. The $72 million sale of an office complex might not have been notable, except for one thing: —>
Deutsche Bank is raided in connection to Danske scandal
German authorities have raided Deutsche Bank’s headquarters in search of information related to the Danske Bank money laundering scandal, Reuters reports. The ongoing investigation is trying to establish whether Germany’s biggest bank facilitated money laundering and acted as a correspondent bank for Danske. Danske Bank is under investigation in several —>
Deutsche Bank hired children of Russian officials to win lucrative deals
Between at least 2006 and 2014, Deutsche Bank provided valuable employment to the relatives of foreign government officials in various parts of the world as a personal benefit to the officials in order to improperly influence them to assist the bank in obtaining or retaining business or other benefits. “We —>
Deutsche Bank faces US money-laundering investigation
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 —>
Congress is looking into Deutsche Bank’s loan to Russian VTB
Deutsche Bank AG, seeking to slash its exposure to Russia in late 2016, scrambled to shed a $600 million loan it had outstanding to VTB Group, a large Russian state-owned bank, according to documents and people familiar with the funding, The Wall Street Journal reports. The German lender sold $300 —>