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…...

This content is for subscribers only

To continue reading please login or subscribe.

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact
Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

See profile for Michael O'Kane >

Share this page on: