Deutsche Bank And Their 150 Million Dollar Jeffrey Epstein Mistake

In July 2020, New York state regulators fined Deutsche Bank $150 million for its failure to properly monitor its relationship with Jeffrey Epstein, along with other high-risk clients. The New York Department of Financial Services (DFS) determined that the bank ignored clear warning signs while maintaining Epstein as a client from 2013 to 2018, years after his 2008 sex-crime conviction. Regulators found that Deutsche Bank processed millions in suspicious transactions for Epstein, including payments to women with Eastern European surnames and large cash withdrawals that should have triggered scrutiny. The DFS concluded that the bank chose profit over compliance, prioritizing Epstein’s business despite internal concerns that he posed legal and reputational risks.The fine was the first major enforcement action against a financial institution for its role in facilitating Epstein’s activities. Regulators detailed how Deutsche Bank repeatedly failed to file Suspicious Activity Reports (SARs) despite obvious red flags tied to Epstein’s network of shell companies and payments structured to look like consulting or tuition expenses. The settlement required Deutsche Bank to improve oversight and compliance systems, but it also underscored a larger problem: financial institutions were essential enablers of Epstein’s empire, allowing him to move money and maintain access to elite circles even after his conviction. The $150 million penalty was significant in size, yet critics argued it was still a slap on the wrist for a global bank that had enabled Epstein’s financial maneuvering for years.To contact me:bobbycapucci@protonmail.comsource:https://www.cnbc.com/2020/07/07/jeffrey-epstein-case-deutsche-bank-fined-150-million-penalty-for-relationship.htmlBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Om Podcasten

Jeffrey Epstein was a multi millionaire who had political and business ties to some of the most rich and powerful people in the world. From businessmen to politicians at the highest levels, Epstein broke bread with them all. Yet for years the Legacy media and the rest of high society looked the other way and ignored his behavior as multiple women came forward with allegations of abuse. Even after he was convicted and subsequently received a sweetheart deal those same so called elites welcomed him back with open arms. Now after his death and the arrest of Maxwell, the real story is starting to come together and the curtain has begun to be drawn back and what it has revealed is truly disturbing. From Princes to Ex Presidents, the cast of scoundrels in this play spans continents and political affiliations leaving us with a transcontinental criminal conspiracy possibly unlike any we have ever seen before. In this podcast we will explore all of the levels of Jeffrey Epstein and his criminal enterprise. From his most trusted assistants to obscure associates, we will leave no stone unturned as we swim through the muck searching for clarity and answers to some of the most pressing questions of the case. From interviews with people directly involved in the case to daily updates, the Epstein Chronicles will have it all. Just like our other project, The Jeffrey Epstein Show, you can expect no punches pulled and consistent content. We have covered the Epstein case daily(everyday since October 1st 2019) and will continue to do so until there are convictions. With a library of well over 1k shows, you can expect a ton of content coming your way including on scene reporting from the Maxwell trial and from places like Zorro Ranch. Thank you for tuning in and I look forward to having you all along for the ride.(Created and Hosted by Bobby Capucci)Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.