Recycling. This is the new shingle that has hit Deutsche Bank which has agreed with the American and British authorities to pay fines of around 600 million euros.
In the US DBank will in fact pay 425 million dollars (about 397 million euros), as a consequence of the accusation of having helped rich Russian citizens in the laundering of 10 billion dollars between 2011 and 2014.
In addition, the German bank has settled the payment of 203,5 million dollars (about 190 million euros) with the FCA (Financial Conduct Authority) of Great Britain for having violated the rules against money laundering through the period 2012-15 a mechanism called "mirror trading", which made it possible to transfer 10 billion dollars outside the Russian borders.
Deutsche Bank remarked that the approximately 630 million dollars (about 589 million euros) to be paid have already been set aside in the balance sheet.
