House Panel's Top Republican Seeks Deutsche AML Docs
Law360 (January 24, 2019, 10:46 PM EST) -- The House Financial Services Committee's top Republican called on Deutsche Bank AG's top executive on Thursday to turn over documents assessing the bank's anti-money laundering compliance efforts, adding to the scrutiny that the German banking giant is already facing in the U.S. and Europe.
In a letter to Deutsche Bank CEO Christian Sewing, ranking member Rep. Patrick McHenry, R-N.C., said the documents he's requesting will help the committee evaluate the steps that the bank has taken to prevent money laundering and terrorism financing after a series of scandals and run-ins with regulators.
"It is critically important for the American public to...
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