Deutsche Bank Documents Show Possible Money Laundering Control Flaws, Sources Say -Reuters
September 06 2019 - 3:26PM
Dow Jones News
--Deutsche Bank AG (DB, DBK.XE) documents and records given to
U.S. Congressional investigators show possible failures of the
German bank's money-laundering controls, Reuters reported Friday,
citing three people familiar with the matter.
--The records show Deutsche Bank staff expressed concerns about
Russian clients and transactions which managers ignored, the report
said, citing two of the people.
--The House of Representatives Financial Services Committee
declined to comment, the report said.
--A spokesman for Deutsche Bank said it couldn't comment on work
of the congressional committee, but added the bank is committed to
cooperating with investigators, the report said.
Full story:
https://www.reuters.com/article/us-deutschebank-investigation-russia-exc/exclusive-u-s-congressional-probe-finds-possible-lapses-in-deutsche-bank-controls-sources-idUSKCN1VR0PX
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 06, 2019 15:11 ET (19:11 GMT)
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