FCA fines Deutsche Bank £163m for not spotting money laundering
In addition to $425m fine from US regulator
The Financial Conduct Authority (FCA) has fined Deutsche Bank £163m for failing to prevent 'Russian mirroring' trades between 2012 and 2015.
The FCA said this was the largest fine for anti-money laundering (AML) controls failings ever imposed by it or its predecessor, the Financial Services Authority. In addition, the bank agreed to pay...
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