By Maya Lester KC & Michael O’Kane

Deutsche Bank failings in sanctions and AML controls

Deutsche Bank has discovered failings in its sanctions and anti-money laundering controls, which may have led to cheques and high-value electronic payments from corporate clients to foreign recipients being processed without proper screening. The bank’s internal auditors in London identified the issues in a report to executives, and classed the issues as F3 and F4 (a grave deficiency and an...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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