AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Wmma 5 scandal4/2/2024 ![]() In 2017, Deutsche Bank was fined a total of $630 million (€553.5 million) by US and UK financial authorities over accusations of having laundered money out of Russia.Īccording to US and British regulators, Deutsche Bank's anti-money laundering control mechanisms failed to spot sham trades with a value of up to $10 billion, not knowing who the customers involved in the trades were and where their money came from. Here's a quick look at five of the biggest snafus in recent years to hit Donald Trump's bank of choice. ![]() That's why it's share price has slid from almost €90 before the 2007/8 financial crash to €8.25 in trading on Thursday. ![]() Prosecutors suspect Deutsche Bank helped its customers "transfer money from criminal activities" to tax havens.īut the German lender isn't new to criminal investigations, fines and settlements. The claims had first surfaced in the "Panama Papers" investigation, published by an international consortium of journalists in 2016. ![]() Police in Frankfurt raided six offices of the country's largest moneylender, Deutsche Bank, on Thursday, following allegations of facilitating and failing to report money laundering. ![]()
0 Comments
Read More
Leave a Reply. |