Deutsche Bank, Dirty Old Bank. Also Trump’s Bank and a bank apparently involved in Russian money laundering: https://miningawareness.wordpress.com/2019/04/30/us-house-members-request-info-from-deutsche-bank-on-russia-money-laundering-scheme-and-trump-accounts-2/ Ironically, Deutsche Bank features in Lenin’s book “Imperialism”.
“The interpretation was exemplified by a later email exchange in March of 2017, when a member of the transaction monitoring team responded to an alert about payments to a Russian model and Russian publicity agent, stating, “[s]ince this type of activity is normal for this client it is not deemed suspicious.” (pp 13-14) https://www.dfs.ny.gov/system/files/documents/2020/07/ea20200706_deutsche_bank_consent_order.pdf
“Deutsche Bank Agrees to $150 Million Settlement for Jeffrey Epstein Lapses
By VOA News July 07, 2020 12:14 PM
Deutsche Bank AG agreed Tuesday to pay a $150 million penalty to settle “significant compliance failures” in its dealings with convicted sex offender and financier Jeffrey Epstein. The New York State Department of Financial Services said the bank did not properly monitor Epstein’s transactions, despite widespread public knowledge about his sexual misconduct.
It said Deutsche Bank’s failure led to its processing of hundreds of Epstein’s transactions that should have been more closely scrutinized, including payments to victims and law firms representing him and his accomplices.
The state regulator said Deutsche Bank also failed in its relationships with Danske Bank Estonia and FBME Bank by not properly monitoring their correspondent and clearing operations.
The regulator said the penalty is the first regulatory enforcement action against Epstein, who committed suicide in jail last August after being arrested a month earlier on sex trafficking charges.
Epstein, who socialized with President Donald Trump, former President Bill Clinton and Prince Andrew, previously served more than a year in a Florida jail after pleading guilty in 2008 to soliciting sex from a minor.
Epstein’s longtime confidante, Ghislaine Maxwell, was transferred Monday to a New York City jail that is experiencing coronavirus and other problems as she is facing charges she recruited girls for Epstein to sexually abuse.” https://www.voanews.com/usa/deutsche-bank-agrees-150-million-settlement-jeffrey-epstein-lapses
An excerpt found while glancing through the 38 page document. (The info about Danske Bank looks important, too.)
“41. This failure was then substantially compounded when AML OFFICER-2 purportedly misinterpreted the conditions; as a result they were also not communicated to the transaction monitoring team responsible for monitoring the Epstein relationship. Specifically, AML OFFICER-2 interpreted the clause “transactions [with] unusual and/or suspicious activity or are in a size that is unusually significant or novel in structure” to mean transactions that were unusual, suspicious, or novel as compared to the prior history of transactions related to the Epstein relationship. He communicated this interpretation to the rest of the transaction monitoring team responsible for the Epstein relationship. The interpretation was exemplified by a later email exchange in March of 2017, when a member of the transaction monitoring team responded to an alert about payments to a Russian model and Russian publicity agent, stating, “[s]ince this type of activity is normal for this client it is not deemed suspicious.” (pp 13-14) https://www.dfs.ny.gov/system/files/documents/2020/07/ea20200706_deutsche_bank_consent_order.pdf