Deutsche Bank Self-Reports Possible Violations of EU Sanctions Rules Related to Russian Clients
Deutsche Bank has informed financial regulators about potential violations of EU sanctions rules involving deposits from Russian nationals and entities. The bank identified cases in its retail division where deposits above €100,000 were received from individuals under EU sanctions. The issue emerged after the bank reviewed its internal controls following stricter EU sanctions enforcement rules.
Tickers: $DB
Topics: Compliance Issues Deutsche Bank EU Sanctions Money Laundering Regulatory Breach