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Deutsche Bank & Epstein

2020-07-07 15:05:55.340956+00 by Dan Lyke 0 comments

New York Department of Financial Services: Superintendent Lacewell announces DFS imposes $150 Million penalty on Deutsche Bank in connection with Bank's relationship with Jeffrey Epstein and correspondent relationships with Danske Estonia and FBME bank.

I mean, kinda, yeah, whatever, rich guys gonna throw around a lot of cash to Russian models, but the Consent order (PDF) makes his attorney look like something of a bumbling idiot:

In May 2014, ATTORNEY-1 inquired into how often he could withdraw cash on behalf of Mr. Epstein withouttriggering an alert. The record is unclear as to whether anyone from the Bank ever responded to ATTORNEY-1’s inquiry. RELATIONSHIP COORDINATOR-1 sent an email to the branch manager stating that ATTORNEY-1 “asked how often they could come in to withdraw cash without creating some sort of alert,” and asking “Is it once a week? Twice a week? Once every other week?”The Bank has represented that it has no record of any response.RELATIONSHIP COORDINATOR-1 has since represented that she understood ATTORNEY-1’s inquiry related to ATTORNEY-1’s desire to withdraw more than the $7,500 limit for third-party withdrawals, and not to CTR filing requirements.

I'm not convinced that we should have the whole FinCen reporting requirements, but this "So, like, just how shady can I be without being super shady?" thing is an indicator...

Also in the news today: Google and Deutsche Bank agree to a 10 year alliance on cloud services, and back in 2011, Ghislaine Maxwell attended a Kleiner Perkins VC party.

[ related topics: Invention and Design moron Law New York ]

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