Bafin had started a number of probes in recent years into German financial watchdog Bafin has praised the improvements that have been made under CEO John Cryan 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. The report states that “while there are no indications of criminal activity by any individual or institution with regard to these transactions, we believe they may be linked to Russian organized crime and therefore require further investig@@
German financial watchdog Bafin has praised the improvements that have been made under CEO John Cryan 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. The report states that “while there are no indications of criminal activity by any individual or institution with regard to these transactions, we believe they may be linked to Russian organized crime and therefore require further investig@@