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
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 Parent:
Germany
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking & securities
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
