Deutsche Bank Probed Over Payments to Saudi Adviser: FT

The video discusses a complex bribery case involving Deutsche Bank, where wealth managers allegedly paid $1,000,000 to a Saudi royal's advisor. The case, which dates back to 2011-2012, underwent an internal investigation from 2014 to 2016 and is now under scrutiny by German investigators. The video highlights the importance of anti-corruption measures and the challenges banks face in global wealth management. Deutsche Bank claims to have improved its practices since the incident, emphasizing the isolated nature of the employees involved.

How does Deutsche Bank justify its actions regarding the alleged bribery?

What challenges do banks face in wealth management, especially abroad?