Skip to comments.Deutsche Bank to pay $150M penalty for transactions with Jeffrey Epstein, 2 foreign banks
Posted on 07/07/2020 2:30:31 PM PDT by Libloather
July 7 (UPI) -- New York regulators announced Tuesday a $150 million penalty on Deutsche Bank tied to suspicious transactions involving Jeffrey Epstein and two foreign banks, Danske Estonia and FBME Bank.
Deutsche Bank has agreed to pay $150 million as a result of "significant compliance failures," Linda Lacewell, superintendent of the New York State Department of Financial Services, said in a statement. These failures were related to its banking relationships with Epstein and the two foreign banks.
The statement said the settlement marks the first enforcement action by a regulator against a financial institution for dealings with registered sex offender, accused child sex trafficker and financier Epstein, who died last year, at age 66, by hanging himself in a jail cell.
Among the suspicious dealings involving Epstein, which regulators listed, were over $6 million in payments for legal expenses of alleged co-conspirators in sexually abusing young women, payments to Russian models, women's school's tuition, hotel and rent expenses, and suspicious cash withdrawals of more than $800,000 over approximately four years.
(Excerpt) Read more at upi.com ...
The Deutsche Bank link is certainly interesting.
Commercial banking company
FBME Bank was an international commercial bank. It offered commercial banking services and products to corporate and individual clients. Wikipedia
Headquarters: Dar es Salaam, Tanzania
Total assets: 2.716 billion USD (TZS:4.4 trillion, Q3:2013)
Subsidiaries: FBME Card Services
Parent organization: Federal Bank of Lebanon SAL
Areas served: Cyprus, Russia, and Tanzania
I don’t know about you, but when I am looking for Reputable Financial Institutions, I look for “headquartered in Tanzania”.
LOL... Hey wait... Tanzania is a racist name for that country, because "tan" refers to skin tone!!!
WHO exactly will get tthis money?
Great find. This is not a coincidence that this comes about after Ghislane is taken into custody. Doing more research, it looks like we have the wire transfer info for who, what, when, and where. This looks like a small story but it is not. More dominos to drop soon.
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