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.
The FCA released a statement which said the bank had agreed to settle the fine at the earliest stage, as it also emerged Deutsche Bank had been fined $425m (£340.4m) by New York's Department of Financial...
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