Deutsche has a troubled history with regulators and prosecutors.
The bank also paid a $150 million fine to a New York bank regulator in 2020, partly over its banking relationship with the disgraced financier Jeffrey Epstein.
The Fed orders from 2015 and 2017 stemmed from Deutsche’s relationship with the Estonian branch of Danske Bank, which has also run afoul of the authorities.
Bank regulators had found that in its dealings with Danske Bank, Deutsche did not properly monitor transactions involving high-risk customers.
Last year, Danske, the largest bank in Denmark, pleaded guilty to charges arising from a long-running money-laundering investigation.
Persons:
Jeffrey Epstein, Deutsche
Organizations:
Danske Bank, Bank, Deutsche, Estonian, Danske
Locations:
New York, Estonian, Denmark