Deutsche Bank AG admitted it made a 'critical mistake' taking on the registered sex offender Jeffrey Epstein as a client, and agreed to pay a $150 million fine to settle New York charges over its dealings with the late financier and two other banks.
NEW YORK - Deutsche Bank AG admitted it made a “critical mistake” taking on the registered sex offender Jeffrey Epstein as a client, and agreed to pay a $150 million fine to settle New York charges over its dealings with the late financier and two other banks.
New York faulted Deutsche Bank’s “significant compliance failures” in its dealings with Epstein, as well as with Danske Bank’s Estonia branch, which is embroiled in a money laundering scandal, and the Federal Bank of the Middle East. These included payments to alleged accomplices, lawyers, victims, Russian models and women with Eastern European surnames.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank agrees to pay $150 million over relationship with Jeffrey EpsteinJUST IN: Deutsche Bank agrees to pay $150 million in penalties over its relationship with Jeffrey Epstein as part of a consent order with regulators in New York, the state’s Department of Financial Services says.
Read more »
Deutsche Bank to pay $150 million penalty over Jeffrey Epstein, other compliance failures
Read more »
Deutsche Bank hit with $150 million penalty for dealings with sex offender Jeffrey EpsteinNEW: New York state financial regulators say they have slapped Deutsche Bank with a $150M penalty in relationship to the bank’s dealings with the late Jeffrey Epstein, the accused child sex trafficker and investor.
Read more »
Deutsche Bank still evaluating Wirecard Bank support: CEODeutsche Bank's chief executive said on Tuesday it was premature to say how the lender might aid the banking unit of collapsed payments service provider Wirecard.
Read more »
Deutsche Bank sees China's 'V-shaped recovery' moderating in the second half of 2020Recent economic data releases have continued to indicate the Chinese economy is recovering from the coronavirus pandemic.
Read more »