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Deutsche Bank to pay US$41m in latest fine

Federal Reserve alleges money-laundering lapses in lender's US operations
Thursday, June 1, 2017 - 05:50

Washington

DEUTSCHE Bank AG agreed to pay US$41 million to settle Federal Reserve allegations that its US operations failed to maintain adequate protections against money laundering, the latest in a string of fines that have cost the German lender billions of dollars.

The Frankfurt

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