Top Democratic lawmakers seek probe into Deutsche Bank controls
14 Dec 2018

Two top Democratic U.S. senators called on Thursday for the Senate to open an investigation into Germany’s Deutsche Bank (DBKGn.DE) over its compliance with U.S. anti-money laundering and bank secrecy laws.

Senators Elizabeth Warren and Chris Van Hollen said in a statement that they had written to the chair of the Senate Banking Committee asking for the probe in light of investigations into the bank by European authorities that called into question its compliance controls.
A spokeswoman for Mike Crapo, the Republican chair of the Senate Banking committee who has the power to approve a probe, declined to comment.

A spokesman for Deutsche Bank said the bank takes its legal obligations seriously and is prepared to cooperate with any official investigations.

– By Michelle Price, Pete Schroeder, Reuters, 13 May 2018.

Link to Reuters.

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