US probes Deutsche Bank for money laundering - report

Thursday, 20. June 2019 00:46

United States federal and state authorities are investigating Deutsche Bank AG for money laundering and other potential misconducts, the New York Times reported. Sources familiar with the matter stated that the state organs, including the Department of Justice, are currently conducting several separate probes against multiple banks, which may cover money laundering for Russian entities, as well as the scandal involving Danske Bank A/S.

Deutsche Bank is the only financial institution named at this moment. Reportedly, the Federal Bureau of Investigation recently contacted a whistleblower who flagged potentially suspicious transactions linked to the US President Donald Trump's son-in-law and senior adviser Jared Kushner. After previous reports, Deutsche Bank accused the New York Times of "numerous inaccuracies" and "misleading statements."

Related Links: Deutsche Bank AG
Breaking the News / MA