Advertisement

Drudge Retort: The Other Side of the News
Sunday, September 25, 2022

Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs.

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

lmao... The Criminal's Bank of Choice

Just ask Donald Trump.

www.ft.com

Although I understand they've recently cut him off, too.

#1 | Posted by Corky at 2022-09-25 01:10 PM | Reply


BaFin to Deepen Deutsche Bank Money Laundering Investigation (Feb 2019)
www.financemagnates.com

...Deutsche Bank released a statement on Friday saying that BaFin, the German financial regulator, has extended the remit of an independent auditor examining the lender's role in the Danske Bank money laundering scandal.

The case stems from an ongoing investigation into the Danish bank's Estonian division.

After a whistle-blower sounded the alarm about the activity of certain customers, most of whom were from Russia and the former Soviet Union, in late 2018, it became apparent that Danske Bank's Tallinn-based operations were doing business with some less than scrupulous individuals.

It is alleged that the bank laundered around $225 billion from 2007 to 2014. If that is the case, it would potentially be the largest instance of money laundering ever uncovered.

Deutsche Bank falls into the mix as it acted as Danske Bank's main correspondent bank. According to the Financial Times, the German bank was responsible for facilitating $180 billion in suspicious transactions....


Deutsche Bank Offices Are Raided In Money Laundering Probe (Nov 2018)
www.npr.org

...In recent years, Deutsche Bank has been in the news not only for its prominence in the Panama Papers, but also for its ties to President Trump, in a tumultuous relationship that goes back some 20 years.

Trump and the bank once sued each other after he failed to repay a $300 million loan. And the author and reporter Luke Harding has described a "shuffle of money" between the bank's dealings with figures in Russia and its business with Trump. ...


#2 | Posted by LampLighter at 2022-09-25 01:29 PM | Reply

"It is alleged that the bank laundered around $225 billion"

"$26.25 million to settle"

So, that's a 0.011667% processing fee for the bank regulators.

#3 | Posted by snoofy at 2022-09-25 02:00 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2022 World Readable

Drudge Retort