Deutsche Bank Fined $150M For Epstein Account Handlings

Deutsche Bank was fined $150 million for failing to regulate Jeffrey Epstein's suspicious transactions, despite his status as a registered sex offender. Epstein, who died in 2019, had been with the bank since 2013 and was labeled high risk. The bank overlooked numerous payments related to legal expenses and other questionable activities. An attorney withdrew large sums of cash, and the bank failed to investigate due to Epstein's financial influence. Even after suspicions arose, the bank provided reference letters for Epstein. The bank's CEO admitted it was a critical mistake to have Epstein as a client.

What was Deutsche Bank fined for in relation to Jeffrey Epstein?

What type of payments were made to law firms related to Epstein?

How much money did one of Epstein's personal attorneys withdraw in cash?

What was the nature of Epstein's transactions that raised suspicions?

What critical mistake did Deutsche Bank's CEO acknowledge regarding Epstein?