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Deutsche Bank faces $150m fine for Jeffrey Epstein ties

July 9, 2020


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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