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Deutsche Bank (DBKGn.DE) defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds ...
Shares in Deutsche Bank slipped nearly 2% on Thursday morning following reports the German bank could face legal action over a $20 billion Russian money-laundering scheme.
Deutsche Bank (DBKGn.DE) Chief Executive Christian Sewing said two employees subject to an ongoing investigation into money laundering allegations should not be prejudged until proven guilty. The ...
There was a "mirror trading" scheme involved. Deutsche Bank's Moscow, London, and New York branches laundered $10 billion out of Russia. [159] The Global Laundromat scandal revealed Deutsche Bank's involvement in a vast money-laundering operation over the period 2010–2014. The operation may have involved as much as $80 billion.
Welt am Sonntag and ZDF, revealed numerous irregularities including both a $10 billion money laundering scheme spearheaded by the Russia branch of Deutsche Bank at Moscow, which the New York State Department of Financial Services fined Deutsche Bank $425 million, and derivatives improprieties. [3] [11] [12] [13] [14]
Sewing was the head of Deutsche Bank's audit division during its $10 billion money-laundering scandal involving its Moscow operations. The auditing division gave its Moscow office a clean bill of health, despite serious irregularities. [2] As CEO, Sewing announced in 2020 that Deutsche Bank would expand its Russia operations. [3]
In a two-day raid a year ago, 170 police officers searched Deutsche Bank's headquarters in Frankfurt, hitting its share price just as management was battling with losses and a string of other ...
2.2 Deutsche Bank investment ... 2015. 2.4 Career after Deutsche Bank, 2015–2022. 3 Awards. 4 ... $55 million SEC fine and an internal Russian money-laundering ...