Bloomberg: Deutsche Bank’s Epstein Lapses Spur $150 Million N.Y. Fine

In her announcement today, Superintendent of Financial Services Linda A. Lacewell said:

“In each of the cases that are being resolved today, Deutsche Bank failed to adequately monitor the activity of customers that the Bank itself deemed to be high risk. In the case of Jeffrey Epstein in particular, despite knowing Mr. Epstein’s terrible criminal history, the Bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions.”