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Violation Tracker Individual Record

Company: Deutsche Bank AG
Current Parent Company: Deutsche Bank
Penalty: $425,000,000
Year: 2017
Date: January 30, 2017
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Mega-Scandal: Anti-Money Laundering Deficiencies
Violation Description: Deutsche Bank AG and its New York branch agreed to pay a $425 million fine and hire an independent monitor as part of a consent order entered into with the New York State Department of Financial Services for violations of New York anti-money laundering laws involving a mirror trading scheme among the bank's Moscow, London and New York offices that laundered $10 billion out of Russia.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.