Danske Bank has washed from 2007 to 2015 up to 200 billion euros from dubious Russian sources and in the USA transferred. Deutsche Bank acted as a so-called correspondent Bank: you directed the funds, reviewed the transactions. How to assess supervisors the role of the Bank and whether a penalty is due is currently still open. the Meike Schreiber Meike Schreiber
Meike Schreiber, born in 1975 in Karlsruhe, Germany, studied German literature, romance Philology and Economics in Lyon, Freiburg and Cologne and subsequently completed an internship at the Financial Times USA. There, she worked from 2003 until the end of the FTD in the year 2012 as an editor in the banking and Finance Department in Frankfurt. Then they became independent and founded the press office SchreiberDohms. For the SZ reported that since 2015 as a banking correspondent from the financial centre of Frankfurt.
follow the interest of the rising supervisors in the role of Deutsche Bank in the “Danske-case”. Also, the US Federal Reserve Bank (Fed) examines the news Agency Bloomberg, the money house with suspicious transactions of Denmark’s largest credit institution is handled. The investigation of the Fed is in an early stage, it said. It was a matter of whether the U.S. subsidiary of the German Bank had monitored the funds appropriately, the directed by an Estonian branch of Danske Bank a / s to US customers.
It is the largest money laundering case in the history of The Danske Bank has washed from 2007 to 2015 up to 200 billion euros from dubious Russian sources and in the USA to be the majority of all people with the help of the US branch of the German Bank. The Institute acted as a so-called correspondent Bank, forwarded the money so, without having to check the transactions themselves. The Frankfurt ended the relationship to the Danske although in 2015, as the matter seemed suspicious. Possibly but you would have had to act much earlier. According to SZ-information, there were several internal alerts.
The shareholders are not already highly nervous
The Deutsche Bank emphasized, continue to be self-targeted by the overseer. “There are no studies, but several requests for information from regulatory authorities and law enforcement agencies around the world,” said a spokesman. It was a little surprising that the investigating authorities and the banks themselves would have an interest in the case, Danske, and the Lessons that could be drawn from it. Deutsche Bank is cooperating with the authorities and informing them. “So far we have no evidence of wrongdoing on our part”, pointed out Deutsche Bank head Christian Sewing in the middle of January, and a further internal investigations announced.
as before, it is completely open whether the German Bank is also to be expected in this case with a penalty. Two years ago, the money house had to pay about EUR 600 million for improper stock transactions of its Moscow office at the U.S. overseer. The shareholders, however, are already highly nervous, because the troubled money house can simply not afford a more high punishment.
The German Bank has always stressed, as a correspondent Bank, the Institute had no specific knowledge of the Danske customers and also not need to have. It had not been for the Review of the Danske customers. This fact could not relieve the institution but not necessarily. To some extent, banks should now know the customers of your customers. In addition, you must monitor the transactions, as well as partners check.
