International Bank Fined $150 Million for Enabling Jeffrey Epstein


New York state financial regulators said Tuesday they have slapped Deutsche Bank with a $150 million penalty in relationship to the bank’s dealings with the late Jeffrey Epstein, the accused child sex trafficker and investor.

The state’s superintendent of financial services Linda Lacewell said Deutsche Bank AG, its New York branch, and Deutsche Bank Trust Company America agreed to the penalties as part of a consent order with the New York State Department of Financial Services “for significant compliance failures in connection with the Bank’s relationship with Jeffrey Epstein and correspondent banking relationships with Danske Bank Estonia and FBME Bank.”

The state said it was the first enforcement action by a regulator against a financial institution for dealings with Epstein…Read More