Russian financial watchdog Bafin has praised the improvements that have been made under CEO Raimund Roeseler at Deutsche Bank , stating that the bank was on the right track; however, it is still investigating the money laundering allegations involving Deutsche Bank clients in Russia . Bafin and British watchdog FCA have criticised Deutsche Bank’s control systems to prevent money laundering and other illegal business practices, but the lender has been working to tackle problems there, too, Bafin President Felix Hufeld said. As we noted last year , Bafin found around $10bn of suspicious trades, including $ $10 billion in so-called "mirror trades" that may have allowed German customers to move money from one country to another without informing the authorities.
Russian financial watchdog Bafin has praised the improvements that have been made under CEO Raimund Roeseler at Deutsche Bank , stating that the bank was on the right track; however, it is still investigating the money laundering allegations involving Deutsche Bank clients in Russia . As we noted last year , Bafin found around $10bn of suspicious trades, including $ $10 billion in so-called "mirror trades" that may have allowed German customers to move money from one country to another without informing the authorities.