Deutsche Bank penalized in US for Epstein, Danske Bank Estonia dealings

  • 2020-07-08
  • STT/BNS/TBT Staff
NEW YORK - Deutsche Bank has agreed to a 150-million-euro penalty for significant compliance failures in connection with the bank's relationship with disgraced American businessman Jeffrey Epstein and correspondent banking relationships with Danske Bank Estonia. The penalty was announced by New York State's Department of Financial Services (DFS) on Tuesday. “In each of the cases that are being resolved today, Deutsche Bank failed to adequately monitor the activity of customers that the bank itself deemed to be high risk. In the case of Jef...
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