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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 for Danske Bank (DANSKE.CO) than previously thought.

A Deutsche Bank spokesman declined to comment on the FT article. He said, however, that it was not Deutsche’s responsibility to vet Danske Bank’s customers and that business ties with the Danish bank had been cut in 2015.

The sum came on top of $150 billion Deutsche cleared for Danske’s Estonian branch from 2007-15, meanin...

In a two-day raid, the Frankfurt public prosecutor’s office and the Federal Criminal Police Office searched several Deutsche Bank offices, including its head office at Taunusanlage in Frankfurt, and questioned employees. The investigations concern the so-called “offshore leaks” and Panama Papers.

The public prosecutors’ investigations are directed against “two named and further unnamed employees of the bank on suspicion of aiding and abetting money laundering,” Deutsche Bank stated. “According to the public prosecutor’s office, the accusation against the accused is...

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