You are here

Deutsche Bank fined US$258m for violating US sanctions

Fed finds Deutsche hid US$10b of transactions involving Iran, Syria and other sanctioned entities

Deutsche's penalties are dwarfed by fines for sanctions violations paid by French banks BNP Paribas and Credit Agricole, at US$8.9 billion and US$787 million respectively.


GERMAN banking giant Deutsche Bank will pay US$258 million in fines for doing business with US-sanctioned entities and countries like Iran and Syria, US regulators said Wednesday.

"The firm did not have sufficient policies and procedures to ensure that activities