Sede de Deutsche Bank en Frncfort.
The regulator’s tax action has concluded with a payment agreement of 150 million dollars.
The New York State Department of Financial Services announced Tuesday that it has imposed a $ 150 million fine on Deutsche Bank for “procedural failures, errors and negligence” in supervising the accounts of magnate Jeffrey Epstein, accused of sex trafficking. minors and committed suicide last year in prison.
Financial regulator superintendent Linda Lacewell explained in a statement that “Deutsche Bank did not adequately supervise accounting activity on behalf of this registered sex offender, despite the fact that much public information was available regarding the circumstances surrounding the misconduct. Mr. Epstein’s criminal. “
This is the first tax action by a regulator against a financial institution for its dealings with Epstein and has concluded with a payment agreement, the department said.
Deutsche Bank, through its US branch, “processed hundreds of millions of dollars worth of transactions that, at a minimum, should have generated additional scrutiny,” among which the regulator cites payments to people on whom “public allegations” fall. “from helping Epstein abuse young women.
The New York finance department notes that Epstein’s accounts recorded payments for “compensation arrangements” worth $ 7 million and dozens of payments to law firms worth $ 6 million, “in what appears to have been the legal expenses of Mr. Epstein and his co-conspirators. “
It also cites “payments to Russian models; payments for school fees, hotels and rents for women’s homes and (consistent with previous allegations of misconduct) direct payments to numerous women with surnames from Eastern Europe” as well as “withdrawals periodic cash flows “that reached $ 800,000 in about four years.
New York notes that the bank incurred “a number of procedural failures, errors and negligence” in managing and supervising Epstein’s accounts, resulting in very few problem transactions throughout his relationship with the magnate. “and even when they were,” they were cleared normally without satisfactory explanation. “
Epstein committed suicide in August 2019 in a New York prison, awaiting a trial in which he was accused of creating a network of child sex trafficking and abusing dozens of girls in his New York and Florida mansions in a period in the early 2000s.
In 2008, the financial magnate reached an agreement with the Florida Attorney General to close a similar investigation and pleaded guilty to minor state charges, was sentenced to 13 months in jail, struck a financial settlement with the victims, and registered as a criminal. sexual.
Last week, British Ghislaine Maxwell, a partner and ex-partner of Epstein, was arrested in the state of New Hampshire (USA) and accused of helping the magnate in this plot of sexual abuse of minors after remaining unknown. ao.
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