German prosecutors have fined the Deutsche Bank of Germany about 13.5 million euros.
According to Arabiyanet, the bank was fined for delay in reporting suspicion of money laundering through the Danske Bank in Estonia.
At the same time, the prosecution has stopped the investigation procedures with employees of the largest commercial bank in Germany due to suspected involvement in money laundering due to insufficient evidence.
>
"This is how we have closed the investigations of the public prosecution now, and with the procedures closed it is clear that there were no criminal offenses by Deutsche Bank or His staff, and we have cooperated fully with the Prosecutor from the beginning.
Dansk Bank of Denmark is going through one of the biggest money laundering scandals in Europe, as it concerns the bank branch in Estonia committing potential violations of the instructions for avoiding money laundering, and investigations are being conducted against The bank in several countries.
Deutsche Bank was one of the correspondent banks of the Danske branch in Estonia, which means that as a bank with a global reach, it helped complete the payment transaction. Deutsche Bank severed its relationship as a correspondent bank for Danske Bank in Estonia.
According to the public prosecution's statements, the case involved funds coming from Azerbaijan that were believed to have been delivered to Western Europe by Danske Bank Estonia in cooperation with Deutsche Bank as the correspondent bank And this money was going to western Europe for purposes including influencing politicians in the European Union, according to German.
Deutsche Bank did not report suspicion of money laundering through a branch of Dansk Bank until July 2018, as it prepared a non-comprehensive report on money laundering coming from Azerbaijan. The subsequent notification of the remaining transfers was not made before February 2019, which is why the Public Prosecution office imposed a fine on Deutsche Bank for this administrative offense.
