Deutsche Bank facing legal action
Deutsche Bank thinks executives could be prosecuted, according to a Guardian report which also says the bank is facing fines and legal action over its role in a $20 billion Russian money-laundering scheme. Based on a confidential internal report, the Guardian said the bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche Bank was linked to a money-laundering operation, dubbed the Global Laundromat, through which Russian criminals moved money into the western financial system.