financial critical 2020-07-07

New York DFS Announces $150M Fine Against Deutsche Bank for Epstein Accounts

New York's Department of Financial Services announces a $150 million fine against Deutsche Bank for failing to monitor accounts held by Jeffrey Epstein between 2013 and 2018. DFS superintendent Linda Lacewell describes accounts showing payments to alleged co-conspirators and large cash withdrawals inconsistent with bank policies.

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