GTB head of Global Transaction Banking (Deutsche Bank's), Werner Steinmueller, has revealed that the bank plans to invest more into technology in an effort to combat money laundering, following a scandal that hit the bank over the summer regarding allegations of money laundering at its Moscow office. No figures were given as to the size of the investment, however, it is believed to be part of its plans to gradually double its annual investment of £74.2m in the Deutsche Bank's division.
Deutsche Bank's head of Global Transaction Banking (GTB), Werner Steinmueller, has revealed that the bank plans to invest more into technology in an effort to combat money laundering, following a scandal that hit the bank over the summer regarding allegations of money laundering at its Moscow office. No figures were given as to the size of the investment, however, it is believed to be part of its plans to gradually double its annual investment of £74.2m in the GTB division.