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Deutsche bank facing investigation on AML compliance again

The German bank has been involved in all sorts of scandals in the last months, from the Russian laundromat to the non reporting of SAR linked to the Mr, Donald Trump inner circle.

Reports noted that executives of the bank elegible decided to stop SARS linked to Mr. Jared Kushner affairs linked to Russia and offshore parties.

This situation prompted an investigation into the banks process of production of SARS and the involvement of management in such process.
The information emerged as part of a whistleblower operation made by a former compliance department member who claimed to be terminated over this very issue.

The information emerged as part of a whistleblower operation made by a former compliance department member who claimed to be terminated over this very issue.

Source

https://www.riskscreen.com/kyc360/news/deutsche-faces-money-laundering-probe-tied-to-kushner-danske-bank/

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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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