The U.S. authorities are conducting an investigation into the transactions carried out by Deutsche Bank on behalf of the Russian customers. This is reported by the Bloomberg agency close to the sources familiar with the situation, Joinfo.ua informs.
The source told about the investigation carried out by the U.S. Department of Justice, which has not been previously reported. According to the probe, suspicious transactions on ‘billions of dollars’ have been carried out during the year. One source said that the Ministry of Justice got interested in the so-called ‘mirror transactions’ during which the Russian clients of Deutsche Bank could withdraw money from the country without the traditional notification of the authorities.
The new investigation is the third in the list of pending investigations in the United States against Deutsche Bank. The bank is suspected of violating the U.S. sanctions laws and rigging benchmark foreign-exchange rates.
In mid-July, the Department of Financial Services of New York sent a request to Deutsche Bank for the provision of information on the activities of the Moscow office of the bank. The regulator demanded the bank’s e-mails, memos, client lists and other documents on the case.
According to information by Financial Times, a request for data could relate to the December 2014 attempt to bribe an employee of the Moscow office of Deutsche Bank. It is reported that the bank employee was given a bribe for restoration of cooperation with the contractor, who was denied to work with Deutsche Bank at the time of the internal investigation against the bank due to possible money laundering. But, according to the publication, the employee refused it.
Bloomberg’s source noted that the Ministry of Justice examined whether the employees of the Moscow office of the bank had the possibility to carry out the operations that helped the Russian clients to bypass economic sanctions. During the investigation the regulator asked Deutsche Bank for a complete list of employees, who participated in the transactions of interest and the data on contractors.