The New York banking supervision has ordered Deutsche Bank, because of several failings to a penalty of $ 150 million. For one, it is a matter of the relations of the Bank with the deceased sex offender Jeffrey Epstein, met with the New York Department of Financial Services (DFS) announced on Tuesday. On the other hand, correspondent banking relationships with Deutsche Bank, Danske Bank and FBME Bank.
"The agreement reflects our unconditional and transparent cooperation with our regulatory authority, but it also shows how important it is to continue to invest in our controls and to improve our capabilities to combat financial crime," said Germany's largest money house.
The 63-year-old Epstein had taken in the past year in custody life after he had been arrested because of new allegations of child abuse. In 2008, the hedge Fund Manager because of the forced Prostitution of a Minor pleaded guilty, for which he received 18 months imprisonment. This week has taken his many years of familiar Ghislaine Maxwell solid. The New York authority, said that the penalty against Deutsche Bank was the first against a money house due to their relationship with Epstein. Other institutions are advised, therefore, to the attention of the authorities.Updated Date: 07 July 2020, 10:20