Deutsche Bank fined US$150 million for ties to sex offender Epstein
Jeffrey Epstein hanged himself in Manhattan's Metropolitan Correctional Centre in August last year while awaiting trial on charges of trafficking minors for sex. – AFP pic, July 7, 2020.
FINANCIAL regulators in New York said today they have fined Deutsche Bank US$150 million for failing to raise red flags on accounts held by tycoon sex offender Jeffrey Epstein. The fine marked the first time a financial institution has been penalised for its dealings with the late financier, said the New York Department of Financial Services , an agency of the state government.
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