Tiny Deutsche Bank Unit At Heart Of Money Laundering Investigation

The center of the money laundering investigation at Deutsche Bank lies at a tiny unit that was barely able to eke out a profit and had been up for sale since the early part of 2016, reported Financial Times.

Citing several people briefed on the matter, the publication reported that the two-day raid last week of Deutsche Bank offices was aimed at finding evidence on a British Virgin Islands-based unit that was part of the bank’s Global Trust Solutions (GTS) business, which had been

... read more at: https://www.pymnts.com/news/security-and-risk/2018/deutsche-bank-money-laundering-investigation-virgin-islands/

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