Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions

Source: CNBC

Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche Welle (DW).

Those documents showed that between 1999 and 2017, $1.3 trillion of $2 trillion in leaked transactions that were flagged as suspicious passed through Deutsche Bank, according to the DW report.

The leaked documents contained suspicious activity reports that banks and other financial institutions filed with the U.S. Department of Treasury’s Financial Crimes Enforcement Network, or FinCEN.



Read more: https://www.cnbc.com/2020/09/21/leaked-fincen-files-show-deutsche-bank-tops-list-of-suspicious-transactions.html

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Deutsche Bank's Frankfurt headquarters.

The recent FinCEN revelations - first published by the ICIJ (best known for the 2016 panama Papers) - show that Deutsche Bank accounts for more than half the $2 trillion of suspicious transactions flagged to the U.S. government over nearly two decades.