Deutsche Bank will check the Russian office in laundering $ 6 billion – Bankir.Ru

07.06.2015 15:54

Deutsche Bank in the framework of an internal investigation, which became known in May, check suspicions of money laundering Russian clients in the order of $ 6 billion, said to Bloomberg sources familiar with the investigation.

Bank of Russia in October last year recommended that the Deutsche Bank checked the trading of some Russian clients shares. In this regard, the largest commercial bank in Germany analyzed data from 2011 to early 2015.

According to sources, Deutsche Bank made aware of the investigation of a number of European regulators, including the UK Office of the observance of the norms of behavior on financial markets (Financial Conduct Authority, FCA), the European Central Bank and the Federal Office for Financial Sector Supervision (BaFin) of Germany.

“We are committed to participate in international efforts to identify suspicious transactions and deal with them, and we are taking decisive action when evidence of violations. We sent a small number of employees of the Moscow office on vacation until the outcome of the internal review, “- said in a statement, Deutsche Bank, released on Friday.

We are talking about transactions shares that Russian clients buy financial institution through it in rubles, and concurrent transactions through London, where the bank acquired the same paper for comparable amounts in US dollars. Deutsche Bank is trying to find out whether these operations are allowed to display client money without the knowledge of the Russian regulators. In addition, the bank’s management wants to know whether it was necessary to put power in popularity earlier.

This may be a much larger amount than previously thought, said one of the interlocutors Bloomberg. According to him, in those sent on leave in April in connection with the investigation it was Tim Uizvell – co-director of management for operations with shares of Global Markets DB in Russia.

CBR, FCA, the ECB and the BaFin refused to comment on the information.

As reported in May, the German publication Manager Magazin, an audit of the Moscow representative office oversees the headquarters of Deutsche Bank in Frankfurt, where experts have been sent to the department of internal investigations in London and New York.

Shares of Deutsche Bank fell 1.1% in Frankfurt trading. From the beginning, the bank’s capitalization has grown by about 10%.

In April, the US and UK regulators fined Deutsche Bank a record for a $ 2.5 billion for the manipulation of interest rates. Over the past three years, DB has spent about 7.1 billion euros to pay court costs and fines.

Deutsche Bank in the first quarter of 2015 took 73rd place in terms of assets in the ranking of “Interfax-100″ prepared by the “Interfax-CEA”.