Deutsche Bank will pay a $150 million fine for money laundering and compliance failures, many of which relate to its relationship with paedophile Jeffrey Epstein, it was announced yesterday.
In a letter to staff, Deutsche Bank chief executive Christian Sewing said the onboarding of Mr Epstein as a client in 2013 was a “critical mistake and should never have happened”.
Mr Epstein became a registered sex offender in 2008 and died in prison...
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