HALISTER1: Waters Calls on Deutsche Bank to Provide Internal Review Info

Waters Calls on Deutsche Bank to Provide Internal Review Info

(Bloomberg) -- “Yesterday’s action by the Federal Reserve provides yet more evidence of Deutsche Bank’s well-known pattern of compliance failures and lax anti-money laundering controls," says House Financial Services Cmte’s top Democrat, Maxine Waters.
  • "I once again call on Deutsche Bank to provide details of the internal reviews it reportedly conducted of its 2011 Russian money-laundering scheme and its due diligence of President Trump and his immediate family," Waters says in statement
  • Waters also reiterates call for Cmte Chairman Jeb Hensarling to use "full range of investigative powers" to determine scope of Deutsche Bank’s failure to comply with U.S. law
  • NOTE: Federal Reserve yesterday fined Deutsche Bank $41m for failing to maintain adequate protections against money laundering
To contact the reporters on this story: Laura Curtis in Washington at lcurtis7@bloomberg.net; Billy House in Washington at bhouse5@bloomberg.net To contact the editors responsible for this story: Derek Wallbank at dwallbank@bloomberg.net Catherine Dodge, Laura Curtis

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1025593D US (United States House Committee on Financial Services Committee)

People
Maxine Waters (United States House of Representatives)
Donald Trump (United States of America)
Jeb Hensarling (United States House of Representatives)

Topics
Bloomberg Politics

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