“New York state financial regulators said Tuesday that they have slapped Deutsche Bank with a $150 million penalty in relationship to the bank’s dealings with accused child sex trafficker Jeffrey Epstein, the now-dead investor” CNBC reported Tuesday.
“The New York State Department of Financial Services said that Deutsche Bank, which agreed to the payment under a consent order, ‘failed to properly monitor account activity conducted on behalf of the registered sex offender despite ample information that was publicly available concerning the circumstances surrounding Mr. Epstein’s earlier criminal misconduct.'”
“The department said that because of the bank’s oversight failure, the ‘bank processed hundreds of transactions totaling millions of dollars that, at the very least, should have prompted additional scrutiny in light of Mr. Epstein’s history.'”