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‘Inexcusable’ errors by Deutsche Bank in Epstein relationship and correspondent banking AML breaches bring US$150m fine in New York

Money Laundering Bulletin

‘Inexcusable’ errors by Deutsche Bank in Epstein relationship and correspondent banking AML breaches bring US$150m fine in New York

Deutsche Bank will pay US$150 million to the New York Department of Financial Services (DFS) for due diligence and monitoring failures in its relationship with convicted sex offender Jeffrey Epstein, also for not adequately addressing anti-money laundering deficiencies in its correspondent banking connections with Danske Estonia and FBME. [1]

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