Lapses in Deutsche Bank’s Money-Laundering Controls

According to U.S. congressional investigators, Deutsche Bank’s money-laundering controls have had possible failures in the dealings with Russian oligarchs. This article will shed light on the case and will also help you find an exceptional merchant services provider if you need chargeback insurance. 

Money Laundering & Chargeback Insurance

The 1st results of the investigation haven’t been announced yet: the investigation is still going on. So, it’s still unclear whether some action will be taken against the bank or not. In fact, the investigation is also focused on Deutsche Bank’s close relationship with Mr. Trump and his family. 

By the way, lawmakers are also working on identifying whether Deutsche Bank has made it easier to transfer illegal funds into the U.S. as a correspondent bank or not. In this case, transactions could have been processed for others.

As you know, money laundering is a huge problem in the payments … Read More