Friday, June 5, 2015

Questionable transactions with Deutsche Bank in Moscow could reach $ 6 billion – RIA Novosti

MOSCOW, June 5 – RIA Novosti / Prime. The volume of suspicious transactions through the Moscow office of Deutsche Bank could be as high as $ 6 billion from 2011 to 2015, reports Bloomberg citing sources familiar with the situation .

At the end of May, the official representative of the bank Anke file (Veil) reported that Deutsche Bank has information about possible money laundering through its Moscow office and conducts an internal investigation into the incident. The Moscow office of Deutsche Bank then suspended from work a few employees because of the investigation OTC transactions with signs of money laundering.

“Deutsche Bank AG carries out an internal investigation into money laundering by Russian traders, which may include a transaction worth about $ 6 billion dollars over four years “- writes Bloomberg.

” We are committed to participating in international efforts to combat … suspicious activities, and we are taking decisive action when we find evidence of violations “, – quotes agency statement Deutsche Bank, received by e-mail.

Internet publication Manager Magazin in May, citing sources in the bank reported that the staff of the Moscow branch of the Russian clients engaged in laundering significant amounts of money of dubious origin, it was a question of the amount of equivalent to at least hundreds of millions of euros.

First, conducted OTC (over the counter) derivatives transaction, which after a few seconds sold in the London OTC market. As a result of rubles have been translated into sterling. No other motive than money laundering, for example, attempts to use price differences in the two markets for arbitration, according to the publication, was not traced.

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