US escalates Deutsche Bank probe into Russian trades
Deutsche Bank is facing a major escalation of a U.S. probe into its activities in Russia, as a money laundering investigation of its Moscow unit widens to examine possible sanctions violations, said people familiar with the case.
The U.S. Department of Justice and New York's Department of Financial Services are expanding the scope of their probe into the bank because some of the scrutinized transactions allegedly involved U.S. dollars and a former banker who is a U.S. citizen.
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