Deutsche Bank hit with $630m fine by UK and US regulators for anti-money laundering failings

US regulator fined the bank $425m

Tom Eckett
clock • 2 min read

The Financial Conduct Authority (FCA) has fined Deutsche Bank £163m, its largest ever anti-money laundering (AML) fine, as it alleges the bank's framework was used to transfer $10bn from Russia to offshore accounts in a manner 'highly suggestive of financial crime', while US regulators fine the group $425m.

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