Global Investigations Review - The law and practice of international investigations

Deutsche Bank partly resolves mirror trade scandal with US$628 million settlement

By Waithera Junghae

31 January 2017

Deutsche Bank partly resolves mirror trade scandal with US$628 million settlement Deutsche Bank in Frankfurt (Credit: iStock.com/AM-C )

Deutsche Bank has agreed to pay the DFS and UK FCA US$628 million to resolve allegations that it allowed its traders to improperly move billions out of Russia, as the bank continues to face scrutiny from multiple authorities over the same misconduct.