Thursday, April 18, 2019

Luke Harding - Deutsche Bank faces action over $20bn Russian money-laundering scheme

Exclusive: in confidential internal report seen by the Guardian, bank says scandal has hurt global brand

Luke Harding its trying to link Russian laundered money through Deutsche Bank back to the Kremlin, and Bill Browder is saying that there is lots of Russian money being laundered in Europe.

The Russian Mafia flourished during the Soviet Union era and it is noted for its brutality, and a lot of the murdered Russian exiles and businessmen in London have been linked to it. The U.K. has always tried to link these murders to Putin and the Kremlin.

The Russian Mafia have links to Western organised crime and Deutsche Bank was involved too, along with Ukrainian gangsters. It's a pretty murky underworld.

Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says.
The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche concedes that the scandal has hurt its “global brand” – and is likely to cause “client attrition”, loss of investor confidence and a decline in its market value.
Deutsche Bank was embroiled in a vast money-laundering operation, dubbed the Global Laundromat. Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB, used the scheme between 2010 and 2014 to move money into the western financial system. The cash involved could total $80bn, detectives believe.
The Guardian

1 comment:

Unknown said...

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