The Office of Foreign Assets Control of the US Treasury Department fined the Deutsche Bank Trust Company Americas more than $ 500,000 for carrying out a series of money transfers to the accounts of a bank that is under sanctions for operating in the occupied Crimea. This was reported by the press service of the US Treasury Department.
The department noted that the Deutsche Bank Trust Company Americas has carried out a series of money transfers to the bank accounts, which are under Washington's sanctions for working in Crimea. The company also made a large payment through the United States related to the purchase of petroleum products and included the proprietary interest of an oil company in Cyprus that was subject to Washington sanctions in 2015. For these violations, the company was fined $ 583,000.
“At the time of processing the payment, DBTCA was aware of the potential interest of the aforementioned oil company, but did not conduct sufficient due diligence to determine and exclude benefits for it”,- the statement said.
It is noted that Deutsche Bank agreed to pay the fines.