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  • Deutsche Bank to pay $150M penalty for transactions with Jeffrey Epstein, 2 foreign banks

    07/07/2020 2:30:31 PM PDT · by Libloather · 6 replies
    UPI ^ | 7/07/20 | Sommer Brokaw
    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...