WASHINGTON: The Federal Reserve is examining how Deutsche Bank AG handled billions of US dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever.
The Fed’s probe is in an early stage as it scrutinises whether Deutsche Bank’s US operations adequately monitored funds from an Estonian branch of Danske Bank A/S, according to two people briefed on the situation, who asked not to be named because the inquiry isn’t public.