Violation Tracker Individual Record

Company: 
Deutsche Bank AG
Current Parent Company: 
Deutsche Bank
Penalty: 
$425,000,000
Year: 
2017
Date: 
January 30, 2017
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.