AdminAdministrator- Posts : 20481
Join date : 2015-05-20
Location : United States 
U.S. Expands Deutsche Bank-Russia Probe
Mon Oct 26, 2015 9:42 pm
The report says some scrutinized transactions made by Deutsche Bank’s Moscow unit allegedly involved U.S. dollars and a former banker who is a U.S. citizen.
The newspaper says it is one of the first known U.S. investigations of a Wall Street company that has been tied to potential breaches of western sanctions against Russia since the measures were imposed following Russia’s 2014 annexation of Crimea.
It says the probe is focusing on some $65 billion worth of so-called mirror trades, in which Russian clients bought securities in Russian rubles through Deutsche Bank’s Moscow office and then sold identical ones for foreign currency, including U.S. dollars, through the bank’s London office.
rferl.org
The newspaper says it is one of the first known U.S. investigations of a Wall Street company that has been tied to potential breaches of western sanctions against Russia since the measures were imposed following Russia’s 2014 annexation of Crimea.
It says the probe is focusing on some $65 billion worth of so-called mirror trades, in which Russian clients bought securities in Russian rubles through Deutsche Bank’s Moscow office and then sold identical ones for foreign currency, including U.S. dollars, through the bank’s London office.
rferl.org
- Deutsche Bank wants to cut 10 thousand employees
- Deutsche Bank will challenge the claims of the Department of Justice for $ 14 billion
- Ukraine crisis. News in brief. Tuesday 15 September [Ukrainian sources]
- Bloomberg: Deutsche Bank suspects Russian clients laundering six billion
- US connected to the investigation of money laundering in the Moscow branch of the Deutsche Bank
Permissions in this forum:
You cannot reply to topics in this forum