Failings at Deutsche Bank’s Irish arm highlight its money laundering problems


August 3 2018

Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, more than a year after it was fined nearly $700 million (€603 million) for allowing money laundering.

In two confidential reviews, dated June 5th and July 9th, Germany’s biggest lender detailed the results of tests on a sample of investment bank customer files in several countries, including the Republic and Russia.