New: The US Treasury announces that Deutsche Bank violated US sanctions related to Russia's annexation of Crimea.

The bank is paying a $583,100 settlement.

https://home.treasury.gov/system/files/126/20200909_DBTCA.pdf
The circumstances here are...murky. But it looks like once again Deutsche Bank just completely dropped the ball on scrutinizing high-risk transactions for certain clients.
You might think to yourself that a six-figure settlement is not much for a bank of DB's size. You would be correct!

Impossible to not mention here that the president is a major client of the bank, which is by far his biggest creditor.
Also impossible not to mention that this is the umpteenth time @DeutscheBank has gotten in trouble for Russian-related money laundering or for violating international sanctions. In general, the US govt has imposed puny penalties, and the bad behavior continues. (from DARK TOWERS)
Oh and don't forget this related news from a few weeks ago –– oh, I mean 8 hours ago. https://twitter.com/davidenrich/status/1303643759645806597?s=20
You can follow @davidenrich.
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