Germany’s largest bank Deutsche Bank will most likely have to pay a hefty fine. The information was confirmed by some sources in the bank management. A suspicion and then a proved fact that the employees of Deutsche Bank were implicated in money laundering became the reason for the legal action. According to the independent estimate, the fine may amount to $4 billion. Besides, the bank is accused of neglecting the embargo imposed by the US authorities against Iran. What is more, the UK Financial Services Authority also scrutinizes Deutsche Bank payment history. If investigators find irrefutable evidence, the fine may increase by several hundred million euros. However, in comparison with the US lawsuit, this sum is not that impressive. That is why, the bank management focused its attention on the US as it has all grounds to impose the fine. The Americans strictly follow the law and fulfill their responsibilities. Though, the US and the Russian Federation often argue about various important issues, they completely agreed on the situation with Deutsche Bank. Russian law enforcement authorities also suspect the bank of siphoning off large sums of money out of the country. The investigation began right after the violations were spotted.
