Deutsche Bank fined $16 million for money-laundering scandal
Posted On: Dec. 11, 2019 6:09 AM CSTThe Frankfurt prosecutor’s office has imposed a €15 million ($16.5 million) fine on Germany-based Deutsche Bank AG relating to a money-laundering and tax evasion scandal involving its German clients and offshore entities, Nasdaq reported citing Reuters. Meanwhile, prosecutors have stopped their investigation of two bank employees accused of criminal misconduct in this regard.