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BREAKING: Deutsche Bank to pay €7M as part of money laundering investigation after prosecutors found lender acted ‘thoughtlessly’

By Elizabeth Hearst for AMLi

Deutsche Bank has agreed to pay €7M as part of an investigation by Frankfurt prosecutors into whether the lender violated anti-money laundering regulations. 

Deutsche agreed to pay the multi-million euro fine, after prosecutors found the lender had acted “thoughtlessly” by failing to file 701 suspicious activity reports.

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