Soiled cash fears push Deutsche Financial institution into trans-Atlantic highlight

European lawmakers on Monday will probe Deutsche Bank’s possible involvement with money laundering by Danske Bank — with their American counterparts watching closely as they investigate the German lender and its dealings with President Donald Trump.

The European Parliament’s committee on tax avoidance will ask at a hearing about Deutsche Bank’s role in helping the Danish entity move cash abroad. Danske Bank is under fire for funneling 200 billion euros ($229 billion) in non-resident money through its Estonian branch between 2007 and 2015. Since a Danske Bank whistleblower brought the possible scheme to light in 2018, Deutsche Bank has said it is cooperating with inquiries from regulators and law enforcement worldwide.

Deutsche’s CEO Christian Sewing said on Friday that the bank “currently [does] not have any … indications of wrongdoing” in the case and was providing “full cooperation with authorities when it comes to Danske Bank.”

EU lawmakers will ask Stephan

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