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November 5th, 2015 
Awake Goy 
Susanne Posel (OC) : The Federal Reserve Bank (FRB) and the New York Department of Financial Services (DFS) have settled with Deutsche Bank for $258 million and the termination of 6 employees involved with “tricks” used to launder money through the Middle East.
The Federal Reserve Bank will get $58 million and NY will receive $200 million, as part of the settlement. In addition, Deutsche Bank will be forced to “install an independent monitor” in order to “ensure global compliance” with US sanctions against Syria and Iran.
And 3 more employees will be banned from work related to US operations, rather than be fired.
Renee Calabro, spokesperson for Deutsche Bank, said that these deals were conducted “several years ago” and are not on-going.
Calabro maintains that the bank is not currently in a financial relationship with the countries implicated by the internal messages.
Based on email from those employees, between 1999 and 2006, money was moved in and out of nations such as Iran, Libya, Syria, Burma, and the Sudan in order to broker deals with heads of state.
The European arm of Deutsche Bank allegedly did not share these deals with the US branch; and certain customers were told that these deals were illegal in the US.
In order to pull this off, Deutsche Bank used “non-transparent methods” to move an estimated $10.8 billion. The emails detail how these transactions took place.
These methods included:
• Wire stripping to remove data that identified a link to a sanctioned nation
• Created duplicates of emails to keep information under control
• Processed transactions manually
• Charges customers “extra fees” if they were sanctioned nations
• Used special codes or code words in payment messages
The European branch of the bank shielded these transactions and used Glomar responses when asked about unusual activity.
Anthony Albanese, acting superintendent of the DFS, explained: “Deutsche Bank worked with us to resolve this matter and take action against individual employees who engaged in misconduct. To truly deter future wrongdoing, it is important to focus not just on corporate accountability, but also individual accountability.”
Susanne Posel, Occupy Corporatism
Source Article from http://nsnbc.me/2015/11/05/deutsche-bank-caught-doing-business-with-syria-iran-amid-sanctions/
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