Deutsche Bank allowed billionaire paedophile Jeffrey Epstein to make a string of suspicious payments to women without proper checks, a damning investigation has found.
The German lender failed to step in when Mr Epstein was wiring money to co-conspirators, Russian models and women “with Eastern European surnames”, the New York Department of Financial Services (DFS) said. He also paid for women’s school tuition, hotels and rent.
Rather than carrying out detailed scrutiny, the DFS said that compliance workers used internet searches to check that the women paid by Epstein were over 18.
Deutsche has now agreed to pay a $150m