Deutsche Bank fined $150 million for ties to sex offender Epstein

New York (AFP) – Financial regulators in New York said Tuesday they have fined Deutsche Bank $150 million for failing to raise red flags on accounts held by tycoon sex offender Jeffrey Epstein.The fine marked the first time a financial institution has been penalized for its dealings with the late financier, said the New York Department of Financial Services (DFS), an agency of the state government.It said in a statement Deutsche Bank had failed to monitor Epstein’s account sufficiently closely, “despite ample information that was publicly available concerning the circumstances surrounding Mr. …

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