{"id":157,"date":"2015-12-23T00:00:00","date_gmt":"2015-12-23T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/12\/us_continues_its_probe_as_deut"},"modified":"2021-09-20T15:42:50","modified_gmt":"2021-09-20T20:42:50","slug":"us-continues-its-probe-as-deut","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/us-continues-its-probe-as-deut\/","title":{"rendered":"US Continues Its Probe As Deutsche Bank Alleges $10B in Suspect Russia Trades"},"content":{"rendered":"

To date, Deutsche Bank AG (DB) says it has identified $10 billion in suspect trades that may not have been checked for money laundering. In the review, uncovered $6 billion of mirror trades involving its operations in Russia. According to a Russian central bank report, there are clients using rubles to purchase Russian shares and then selling them in London at the same time, usually for dollars. While mirror trades are legal in certain situations, they can be used to circumvent U.S. rules related to reporting money as it moves internationally. The German lender notified international authorities of its investigation a few months back. <\/p>\n

According to Bloomberg<\/em>, prosecutors in the United States have been investigating whether the bank\u2019s dealings with the mirror trades violated U.S. rules regarding money laundering. Already, Russia\u2019s central bank has fined Deutsche Bank after examining the latter’s trading in that country. Also, a source reportedly told Bloomberg<\/em> that Russia\u2019s regulator said that Deutsche Bank was the victim of an illegal scam and has since dealt with its related shortcomings. <\/p>\n

The transactions under investigation include those involving trading in an account that was consistently involved in buy orders. In addition to the \u201cmirror trades,” the investigation uncovered $4 billion of suspect trades that may have been conducted with another bank. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

To date, Deutsche Bank AG (DB) says it has identified $10 billion in suspect trades that may not have been checked for money laundering. In the review, uncovered $6 billion of mirror trades involving its operations in Russia. According to a Russian central bank report, there are clients using rubles to purchase Russian shares and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3818,3752],"tags":[],"class_list":["post-157","post","type-post","status-publish","format-standard","hentry","category-deutsche-bank","category-financial-firms"],"yoast_head":"\nUS Continues Its Probe As Deutsche Bank Alleges $10B in Suspect Russia Trades — Investor Lawyers Blog — December 23, 2015<\/title>\n<meta name=\"description\" content=\"To date, Deutsche Bank AG (DB) says it has identified $10 billion in suspect trades that may not have been checked for money laundering. In the review, — December 23, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/us-continues-its-probe-as-deut\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"US Continues Its Probe As Deutsche Bank Alleges $10B in Suspect Russia Trades — Investor Lawyers Blog — December 23, 2015\" \/>\n<meta name=\"twitter:description\" content=\"To date, Deutsche Bank AG (DB) says it has identified $10 billion in suspect trades that may not have been checked for money laundering. 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