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US connected to the investigation of money laundering in the Moscow branch of the Deutsche Bank
Tue Jul 14, 2015 2:57 am
Financial Services New York City launched an investigation into the German financial conglomerate Deutsche Bank, which was previously reported suspicions of Moscow branch employees about money laundering, according to AFP.
US regulators intend to trace the transactions to "billions of dollars" that can be used to derive income from Russia dubious origin using "mirror transactions" in Moscow and London.
Bloomberg said that regulators have requested Deutsche Bank e-mails, documents, customer lists and other materials on the case.
An internal investigation in the Russian branch of DB began in the spring. The Bank itself has informed the European regulatory agencies on the verification operations with shares on the Russian market in 2011-2015. In June, it was reported that several employees of the Moscow branch suspended from work.
Deutsche Bank is one of the largest foreign investment banks in Russia. In Moscow and St. Petersburg branch of the organization has more than a thousand employees.
glavcom.ua: In Russian
US regulators intend to trace the transactions to "billions of dollars" that can be used to derive income from Russia dubious origin using "mirror transactions" in Moscow and London.
Bloomberg said that regulators have requested Deutsche Bank e-mails, documents, customer lists and other materials on the case.
An internal investigation in the Russian branch of DB began in the spring. The Bank itself has informed the European regulatory agencies on the verification operations with shares on the Russian market in 2011-2015. In June, it was reported that several employees of the Moscow branch suspended from work.
Deutsche Bank is one of the largest foreign investment banks in Russia. In Moscow and St. Petersburg branch of the organization has more than a thousand employees.
glavcom.ua: In Russian
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