Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Deutsche Bank AG and Deutsche Bank Trust Co. America
Current Parent Company: Deutsche Bank
Penalty: $150,000,000
Year: 2020
Date: July 7, 2020
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: Deutsche Bank agreed to pay $150 million in settlement of allegations it failed to properly monitor account activity conducted on behalf of Jeffrey Epstein, and also that Deutsche Bank failed to properly monitor activities with bank clients Danske Estonia and FBME Bank with respect to their correspondent and dollar clearing business, both of whom had histories of suspicious transactions.
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.