Authorities in US and UK issue fine after saying bank used offices in Moscow and London to move $10bn out of country Deutsche Bank has been fined nearly $630m over alleged money laundering in Russia worth $10bn. New York and British authorities issued the fine on Monday over claims the money was moved out of Russia using so-called mirror trades among the bank's Moscow, London and New York offices, said New York State's Department of Financial Services (DFS).
Authorities in US and UK issue fine after saying bank used offices in Moscow and London to move $10bn out of country Deutsche Bank has been fined nearly $630m over alleged money laundering in Russia worth $10bn. New York and British authorities issued the fine on Monday over claims the money was moved out of Russia using so-called mirror trades among the bank's Moscow, London and New York offices, said New York State's Department of Financial Services (DFS).
Share this Article
Recommended