>>10028842
Deutsche Bank processed over $618,000,000,000 for FBME Bank, right up until 2014 when the U.S. Treasury severed FBME access to the U.S. financial system. FBME is based in Tanzania, on the east coast of Africa with sea and air transport to all of Middle East and Asia.
JPMorgan had dropped FBME because of its suspicious transactions before Deutsche Bank graciously accommodated it as a client.
https://www.msn.com/en-us/money/markets/deutsche-bank-eagerly-took-on-clients-dumped-by-jp-morgan-chase-now-it-s-facing-big-fines/ar-BB16JKqT
NOTE, FBME IS JUST ONE sketchy bank from Africa that DB felt compelled to do business with, processing over half a trillion dollars before the U.S. Treasury Department pulled the plug on the client, not on DB.
From 2015:
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a final rule, pursuant to Section 311 of the USA PATRIOT Act, which imposes “special measure five” against FBME Bank Ltd. (FBME), formerly known as the Federal Bank of the Middle East. Special measure five prohibits U.S. financial institutions from opening or maintaining correspondent accounts or payable through accounts for or on behalf of FBME.
On July 17, 2014, FinCEN issued notice that it had found FBME to be of primary money laundering concern under Section 311 of the USA PATRIOT Act, and issued a related notice of proposed rulemaking (NPRM), which proposed the imposition of special measure five against FBME. The finding and NPRM also outlined the various factors supporting the action and the proposed measures against FBME, which included: (i) FBME is used by its customers to facilitate money laundering, terrorist financing, transnational organized crime, fraud, sanctions evasion, and other illicit activity internationally and through the U.S. financial system; (ii) FBME has systemic failures in its anti-money laundering controls that attract high-risk shell companies, that is, companies formed for the sole purpose of holding property or funds and that do not engage in any legitimate business activity; and (iii) FBME performs a significant volume of transactions and activities that have little or no transparency and often no apparent legitimate business purpose.
https://www.fincen.gov/news/news-releases/fincen-severs-access-us-financial-system-fbme-bank-ltd