Deutsche Bank agrees to pay US$26.25m over alleged AML control misrepresentations and treatment of high-risk clients

German lender Deutsche Bank AG, on 23 September, agreed to a US$26.25 million settlement of a claim by shareholders, challenging the veracity of disclosures about its anti-money laundering and know your customer controls, and its handling of risky customers like convicted sex-offender and financier Jeffrey Epstein, now deceased.

German lender Deutsche Bank AG (DB), on 23 September [2022], agreed to a US$26.25 million settlement of a claim by shareholders [1], challenging the veracity of disclosures about its anti-money laundering and know your customer controls, and its handling of risky customers like convicted sex-offender and financier Jeffrey Epstein, now deceased.