News World Deutsche Bank faces investigation for possible money-laundering lapses -NYT

Deutsche Bank faces investigation for possible money-laundering lapses -NYT

U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday.

Shares in Germany’s biggest bank were 0.5% lower on Thursday following the New York Times report, which cited seven people it said were familiar with the inquiry.

A Deutsche Bank spokesperson declined to comment on the Times report, but said: “We remain committed to cooperating with authorised investigations.”

The investigation includes a review of the German bank’s handling of so-called suspicious activity reports that its employees prepared about possibly problematic transactions, including some linked to President Donald Trump’s son-in-law and senior adviser, Jared Kushner, the Times reported.

Reuters could not independently confirm the Times report, which said the investigation into Deutsche Bank is one element of several separate but overlapping government examinations into how illicit funds flow through the U.S. financial system and several other banks are also being investigated.

Earlier this month, a group of U.S. Senate Democrats urged the Federal Reserve to investigate Deutsche Bank’s relationship with Trump and Kushner.

(Reuters)

Top Stories

Republic delivers first dose of Pfizer vaccines to T/C community

The Cyprus Republic on Monday morning sent the first dose of 1000 Pfizer vaccines to the breakaway Turkish Cypriot community through the divided island’s...

Epidemiological indicators still below covid-19 safety levels

The epidemiological indicators in Cyprus are still below safety levels but the number of falling coronavirus test results recorded in recent days is encouraging, according...

Police issue 130 fines over breach of covid-19 restrictive measures

Police fined 127 individuals and 3 premises all across Cyprus over the past 24 hours for violations of COVID-19 measures. They had carried out a...

Cyprus President gets second dose of vaccine against covid-19

As vaccination against the coronavirus continues in Cyprus, President Nicos Anastasiades on Monday got the second dose of his vaccine. The President who said the...

Negative impact of lockdown on mental health of children, adolescents

The impact on mental health of children and adolescents from the coronavirus and protracted lockdown is very negative since these age groups are not...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...