Violation Tracker Individual Record

Deutsche Bank AG
Current Parent Company: 
Deutsche Bank
January 30, 2017
Offense Group: 
financial offenses
Primary Offense: 
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: 
Action Type: 
agency action
New York Department of Financial Services
Civil or Criminal Case: 
Facility State: 
New York
HQ Country of Parent: 
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.