Posted on 05/30/2017 10:10:51 PM PDT by Olog-hai
The Federal Reserve has fined Germany’s largest bank $41 million for failure to maintain controls against money laundering in its U.S. operations.
The U.S. regulators announced the penalty against Deutsche Bank on Tuesday, citing “unsafe and unsound practices.” The global bank also agreed to an order requiring it to improve oversight by senior management in complying with anti-money-laundering laws in the U.S. operations.
The action follows $629 million in penalties levied against Deutsche Bank in January by New York state and British regulators for lapses in controls that allowed wealthy Russians to allegedly launder about $10 billion in illicit funds through the bank.
“We are committed to implementing every remediation measure referenced in the Fed’s order and to meeting their expectations,” Deutsche Bank said in a statement Tuesday. …
(Excerpt) Read more at hosted.ap.org ...
They laundered dope money, paid a fine far less than the cartel money profits they made, and -nobody- went to prison.
I’ll know there is actually a war on drugs when bankers who profit from cartels get locked up.
Hillary and Podesta were exposed laundering money through a Russian bank, and Podesta got on a BOD. That is why the smoke and mirrors accusing Trump got started, to cover Hill and Podesta.
Not surprised by any of these criminal acts. Left uses their own crimes as ideas to destroy others.
$41M?. They make more than that in a week laundering Cartel money. The government just pissed that they tried to cut out their deep state share.
I wonder how the US politicians launder money?
They go in poor and end up very wealthy.
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