Violation Tracker UK Individual Case

Company: Deutsche Bank AG
Current Parent Company: Deutsche Bank
Penalty: £163,076,224
Year: 2017
Date: 30 January, 2017
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Deutsche Bank paid a £154 million fine and made a £9 million disgorgement in settlement of a finding by the FCA that the company and an inadequate anti-money laundering control framework and had allowed a large amount of trades between its Moscow and London branches that should have been investigated as highly suggestive of financial crime.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Germany
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)