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Deutsche Bank facing data protection issue after layoffs

Sources noted that Deutsche Bank started an internal analysis to verify if customer data was compromised somehow after the finalisation of the Layoff during early summer 2019.

Apparently around 50 former trainers where able to access customer data (both in London and New York), with reports showing cases in which before the final date of employment an individual sent 450 email to his personal account.

This is only more more chapter in the troubled recent history of the bank which is undergoing numerous investigations for lack of compliance.

Source

https://www.riskscreen.com/kyc360/news/deutsche-bank-launches-client-data-compliance-probe-after-layoffs-ft/

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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