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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 ...
Deutsche Bank's (DB) involvement in legal issues continues to hamper top-line growth and affect its reputation.
In 2022, under the orders of Deutsche Bank's supervisory board, Sewing and 10% of the senior staff took an overall €1 million reduction in pay due to the bank's missing targets. Sewing received a €145,000 cut to his bonus, as the supervisory board, led by Alexander Wynaendts , revealed that the bank met just 64% of its government, social ...
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.
The Indian Express reported that Jindal Steel and Power was flagged by Deutsche Bank for money laundering. [ 21 ] The SARs, with additional investigations by the Organized Crime and Corruption Reporting Project , also provide further details on the scheme employed by Reza Zarrab to evade economic sanctions on Iran , and its links with 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.
Deutsche sent alerts about the suspect money flows involving the Danish bank to Germany's money laundering data authority and state prosecutors, the person said, prompting investigators to seek ...
[2] [3] However, despite being a separate company, the majority of DWS shares are still held by Deutsche Bank at 79.49%. [11] In October 2018, DWS named Asoka Woehermann as the replacement for former CEO Nicolas Moreau. [12] In 2022, Asoka Wöhrmann resigned from his post of CEO after the company's offices in Frankfurt were raided by police ...