German prosecutors fine Deutsche Bank $16m in Danske probe
The bank failed to timeously alert authorities about suspicious transactions on more than 600 occasions, the prosecutors said
13 October 2020 - 16:57
Berline — Deutsche Bank has been fined €13.5m ($16m) by Frankfurt prosecutors over money-laundering violations related to work with Danske Bank.
The bank failed to file timely alerts to authorities about suspicious transactions on more than 600 occasions, Frankfurt prosecutors said in a statement on Tuesday. A related criminal probe against bank employees was dropped because no criminal action was found, they said...
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