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— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

Deutsche Bank will pay a $425 million fine in relation to a money-laundering scheme that regulators say moved $10 billion out of Russia, the New York State Department of Financial Services said Monday.

The department said Deutsche was moving money out of Russia by using a stock “mirror trading” strategy, in which its London branch would sell a trade that the Moscow branch bought earlier in the day.

 

Read Full Article: Deutsche Bank to pay $425 million fine over Russian money-laundering







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