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Deutsche Bank faces $150m fine for Jeffrey Epstein ties

July 9, 2020

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New York state regulators says the bank had suffered “significant compliance failures”, processing hundreds of transactions for the late financier.

Those included payments to Russian models and $800,000 in “suspicious” cash withdrawals.

Deutsche Bank says it “deeply” regretted its relationship with Epstein.

It says it has spent almost $1 billion to improve its training and controls and expand its anti-financial crime team to more than 1,500 people.

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