UK: FCA fines Deutsche Bank £163 million for serious anti-money laundering controls failings
31 Jan 2017

The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015. This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its predecessor the Financial Services Authority (FSA).

 

Image source:  https://upload.wikimedia.org/wikipedia/commons/2/29/Denkmal_Deutsche_Bank_Dortmund.j pg

 

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