Mirror trades deutsche bank

6 May 2019 Deutsche Bank was implicated in a $10 billion Russian money laundering “mirror -trading” scheme, for which it ultimately paid a combined $630 

“Mirror trades” are at the root of more than $670 million in penalties that Deutsche Bank AG has agreed to pay U.S. and U.K. regulators, and the bank may face even more sanctions. The U.S. Justice Deutsche Bank has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that US regulators levied an additional $425 million against the bank for the same issue. Specifically, Deutsche is alleged to have facilitated $10 billion in Russian ‘mirror-trades’ which could have been used to launder money and evade Russian capital controls. The following infographic explains how mirror trading works. The practice known as ‘mirror trades’ is when clients allegedly purchased stocks in rubles through Deutsche’s Moscow office and then sold identical ones for foreign currency, including US dollars, through the bank’s London office.

31 Jan 2017 The Evening Standard. The mirror cracked: Though the mirror trading found at Deutsche Bank is not illegal, the watchdogs were concerned that 

3 Aug 2018 In their 2017 ruling against Deutsche Bank for 'mirror' trades, New York financial regulators criticized the lender for “widespread and  22 May 2019 The case focused on “mirror trades,” which Deutsche Bank facilitated between 2011 and 2015. The trades were sham transactions whose sole  'Mirror trade' scheme helps Russians launder billions in New York, London, & Moscow. Deutsche Bank made headlines again in Compliance news—to the tune  18 Feb 2020 So the nature of Deutsche Bank's relationship with Trump has begged so [ Mirror trades were at the heart of Deutsche's money laundering  6 May 2019 Deutsche Bank was implicated in a $10 billion Russian money laundering “mirror -trading” scheme, for which it ultimately paid a combined $630  23 May 2017 Bank ("Bank"): one regarding its 2011 Russian mirror trading scandal and the other regarding its review of the personal accounts of President 

18 Sep 2017 So warn AML compliance experts who point to Deutsche Bank's US$600 million fines from US and UK regulators in January 2017. The charges 

US regulators levied an additional $425 million against the bank for the same issue. Specifically, Deutsche is alleged to have facilitated $10 billion in Russian ‘mirror-trades’ which could have been used to launder money and evade Russian capital controls. The following infographic explains how mirror trading works.

31 Jan 2017 Deutsche Bank has agreed to pay the DFS and UK FCA US$628 million to resolve allegations that the bank allowed its traders to improperly 

31 Jan 2017 Deutsche Bank pays $630m to settle Russian mirror trades probe. German lender agrees deals with UK and US regulators over alleged  These transactions had nothing to do with pursuing profit. They were a way to expatriate money. Because the Russian company and the offshore company both   4 Oct 2018 'Highly profitable' mirror trades were used by clients to shift money out of have taken interest in mirror trades before: Deutsche Bank landed a  The Guardian. ^ Jump up to: "Deutsche Bank, Mirror Trades, and  Mirror trade fine: $425 million. Delete. Save. Save as Draft. Cancel. p. 1. Loading Loading. p. 2. Loading Loading. p. 3. Loading Loading. Deutsche Bank: Russia 

22 May 2019 The case focused on “mirror trades,” which Deutsche Bank facilitated between 2011 and 2015. The trades were sham transactions whose sole 

3 Aug 2018 In their 2017 ruling against Deutsche Bank for 'mirror' trades, New York financial regulators criticized the lender for “widespread and  22 May 2019 The case focused on “mirror trades,” which Deutsche Bank facilitated between 2011 and 2015. The trades were sham transactions whose sole  'Mirror trade' scheme helps Russians launder billions in New York, London, & Moscow. Deutsche Bank made headlines again in Compliance news—to the tune  18 Feb 2020 So the nature of Deutsche Bank's relationship with Trump has begged so [ Mirror trades were at the heart of Deutsche's money laundering 

31 Jan 2017 Deutsche Bank is paying $628 million in fines over its $10 billion Russian 'mirror trade' scandal. Deutsche Bank has agreed to pay hundreds of