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Deutsche Bank faces investigation for potential money-laundering lapses -NYT


Reuters


June 19 (Reuters) - U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday, citing seven people it said were familiar with the inquiry.

The investigation includes a review of the German bank's handling of so-called suspicious activity reports that its employees prepared about possibly problematic transactions, including some linked to President Donald Trump's son-in-law and senior adviser, Jared Kushner, the Times (graphic).

The investigation into Deutsche Bank is one element of several separate but overlapping government examinations into how illicit funds flow through the U.S. financial system, the Times reported, adding that several other banks are also being investigated.

Reuters could not independently confirm the report.

A Deutsche Bank spokesperson declined comment on the Times report, but said: "We remain committed to cooperating with authorized investigations."






This article appears in: Stocks , World Markets , Economy , Banking and Loans , Technology



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