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Deutsche Bank fined $425 million by New York regulators for Russian 'mirror trades'

( January 31, 2017, 11:32 GMT | Official Statement) -- MLex Summary: The New York State Department of Financial Services has fined Deutsche Bank $425 million for violating state laws against money laundering. The regulator said the bank allowed a "mirror trading" scheme involving its New York and London offices that laundered $10 billion out of Russia. The bank failed to spot the scheme due to "extensive compliance failures," the regulator said. Full statement follows and the document is attached below. ...

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