Deutsche Bank Onboarding: High-Risk Client

DEUTSCHE BANK — EPSTEIN ACCOUNT RELATIONSHIP\n\nDeutsche Bank maintained a banking relationship with Epstein from 2013 to 2018, after JPMorgan terminated its relationship.\n\nNew York Department of Financial Services findings:\n- Deutsche Bank failed to properly monitor Epstein's accounts\n- Suspicious transactions were not investigated\n- Wire transfers to individuals involved in legal proceedings\n- Payments to Russian models and other individuals\n- Cash withdrawals of up to $800,000\n\nFine: $150 million (July 2020)\nDeutsche Bank also settled with Epstein victims.\n\nSource: NY DFS Consent Order