However, SARs do not mean a client is guilty of wrongdoing or require a bank to cease doing business with the client. “Deutsche Bank is fully cooperating with the authorities.”īanks and other financial institutions file SARs with law enforcement bodies when they suspect a client may be using their services for potential criminal activity. ![]() “This is an investigative measure by the Frankfurt public prosecutor’s office in connection with suspicious activity reports filed by the bank,” the lender said in a statement. Deutsche Bank said the issue had been self-reported and it was “fully cooperating” with police and prosecutors who launched the raid on its offices at 10am.
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