Deutsche Bank has previously faced scrutiny related to money laundering. Last year, the bank paid a $425 million fine in New York for helping clients of its Moscow office illegally move $10 billion out of Russia. Also last year, the Federal Reserve fined Deutsche Bank $41 million for failing to have an effective system for complying with bank secrecy laws and laws to prevent money laundering. In September, the German bank regulator said it had appointed a monitor to ensure that Deutsche Bank had adequate measures in place to prevent money laundering and financing of terrorism.
Deutsche Bank has also been drawn into scandal at Denmark’s Danske Bank, which faces criminal investigations over suspected money laundering in its Estonian branch. Deutsche, among other banks, handled certain transactions for Danske.