Bloomberg

Deutsche Bank's US unit kept Danske Bank's shady billions flowing

Deutsche executives' public responses to the Danske case tend to sidestep concerns about "know your customer" efforts. Photo: Alex Kraus/Bloomberg

Years before regulators learned about what may be one of the biggest money-laundering pipelines in history, low-level bank employees in Jacksonville, Florida, sounded repeated alarms.

Compliance workers for Deutsche Bank AG flagged some of at least $150 billion in transactions that the bank's U.S. subsidiary handled for a tiny Estonian unit of Danske Bank, according to a former compliance officer...

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