Deutsche Bank detects a total of $10 billion in suspicious Russian transactions
Deutsche Bank has detected a total of $10 billion in suspicious transactions and mirror trades by the lender's Russian clients, according to an investigative report by the Reuters news agency published on December 22, Ukraine Today reported.
The scheme allowed customers to siphon money out of Russia without notifying authorities, according to Ukraine Today.
The funds could have potentially allowed clients to defy sanctions imposed on Russia over Moscow's annexation of the Ukrainian Crimea.
The Frankfurt based bank is now investigating equity trades in Moscow and London. Deutsche bank first launched an internal investigation into Russian trades in June.
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